Assume the direct quote on the euro is 1.23 and the indirect quote on the Swiss franc is .88. What is the cross-rate for euros in terms of Swiss francs?
A) €.1.0824/SF1
B) €.1.3977/SF1
C) €.9239/SF1
D) €1/SF1
E) €.7154/SF1
Correct Answer:
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