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Required: A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1.5970-80 A$/$
Required: A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1.5970-80 A$/$ = 1.7245-55 An Australian firm asks the bank for an A$/SFr quote. What cross-rate would the bank quote? Note: Round your answers to 4 decimal places. Bid Price Ask Price Cross-rate
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
