The $/DM exchange rate is DM1 = $.35 and the DM/FF exchange rate is FF1 = DM.31. What is the FF/$ exchange rate?
A) 3.226 French francs per dollar
B) 1.129 French francs per dollar
C) .886 French francs per dollar
D) 9.217 French francs per dollar
Correct Answer:
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Q5: Traders on the foreign exchange market use
Q17: Suppose the spot direct quotes for the
Q18: Trading on the foreign exchange market is
A)located
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Q22: If the direct price of the dollar
Q23: Suppose the direct quote for sterling in
Q24: Suppose one observed the following direct spot
Q26: Suppose the following direct quotes are received
Q31: Suppose the spot rate and forward rate
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