Suppose that 1 British pound currently equals 1.62 U.S. dollars and 1 U.S. dollar equals 1.62 Swiss francs. What is the cross exchange rate between the pound and the franc? a. 1 British pound equals 2.6244 Swiss francs b. 1 British pound equals 1.8588 Swiss francs c. 1 British pound equals 0.3810 Swiss francs d. 1 British pound equals 3.2400 Swiss francs e. 1 British pound equals 1.0000 Swiss francs