Question
Suppose we have the following exchange rate quotes: in US$per US$ U.K. ()1.5808.6326 Switzerland (Fr)1.0734.9316 a. Suppose you have 150. This is worth $_______. Therefore,
Suppose we have the following exchange rate quotes:
in US$per US$
U.K. ()1.5808.6326
Switzerland (Fr)1.0734.9316
a.Suppose you have 150. This is worth $_______. Therefore, you would rather have 150
U.S. dollars or British pounds
.(Do not round intermediate calculations and round your answer to 2 decimal places (e.g., 32.16).)
b.You still have 150. In Swiss francs, thisis worth Fr _______. Therefore, you would rather have 150
Swiss francs or British pounds
.(Do not round intermediate calculations and round your answer to 2 decimal places (e.g., 32.16).)
c.The cross-rate for Swiss francs in terms of British pounds is Fr / _______. The cross-rate for British pounds in terms of Swiss francs is / Fr_______.(Do not round intermediate calculations and round your answers to 4 decimal places (e.g., 32.1616).)
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