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Suppose the exchange rate between U . S . dollars and Swiss francs is SF 1 . 1 0 = $ 1 . 0 0

Suppose the exchange rate between U

.

.

dollars and Swiss francs is SF

1.10 =

1.00,

and the exchange rate between the U

.

.

dollar and the euro is $

1.00 = 1.93

euros. What is the cross

-

rate of Swiss francs to euros? Show your answer to

2

decimal places.

Your Answer:

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