A currency trader observes the following quotes in the spot market: 1 U.S.dollar =1.21 Japanese yen
1 British pound =2.25 Swiss francs
1 British pound =1.65 U.S.dollars
Given this information,how many yen can be purchased for 1 Swiss franc? Do not round the intermediate calculations and round the final answer to four decimal places.
A) 1.0825
B) 0.7897
C) 0.7631
D) 0.6921
E) 0.8873
Correct Answer:
Verified
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