An executive from Switzerland checks into a hotel room in Spain and is told by the manager
Question:
An executive from Switzerland checks into a hotel room in Spain and is told by the manager that EUR1 will buy CHF1.2983. From the executive’s perspective, an indirect exchange rate quote would be:
A. EUR0.7702 per CHF1.
B. CHF0.7702 per EUR1.
C. EUR1.2983 per CHF1.
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