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QUESTION 1 0 Assume the direct quote on the euro is 1 . 2 3 and the indirect quote on the Swiss franc is .

QUESTION

10

Assume the direct quote on the euro is

1.23

and the indirect quote on the Swiss franc is

. 88 .

What is the cross

-

rate for euros in terms of Swiss francs?

. . \frac{1.3977}{S} F 1

.

None is correct!

. . \frac{7154}{S} F 1

. . \frac{9239}{S} F 1

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