Suppose that currently 1 British pound equals 1.98 Canadian dollars and 1 Canadian dollar equals 1.04 Swiss francs.What is the cross exchange rate between the pound and the franc?
A) 1 British pound equals 3.2400 Swiss francs.
B) 1 British pound equals 2.0592 Swiss francs.
C) 1 British pound equals 1.9037 Swiss francs.
D) 1 British pound equals 1.0000 Swiss francs.
Correct Answer:
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