An Australian company is to export electronic equipment into Europe,in particular Germany and Sweden,and needs to consider the exchange rate implications of conducting business in euros and Swedish kroner.Spot rates quoted are:
USD/EUR 0.9275-85
USD/SEK 8.4531-41
Calculate the EUR/SEK cross-rate.
A) EUR/SEK 0.1097-0.1098
B) EUR/SEK 9.1139-9.1051
C) EUR/SEK 9.1051-9.1139
D) EUR/SEK 9.1040-9.1149
Correct Answer:
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