Suppose the exchange rate between Canadian dollars and Swiss francs is SF 1.10 = $1.00,and the exchange rate between the Canadian dollar and the euro is $1.00 = 0.68 euros.What is the cross-rate of Swiss francs to euros?
A) 0.43
B) 0.86
C) 1.41
D) 1.62
Correct Answer:
Verified
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