At a certain point in time, a bank quoted the following exchange rates against the dollar for
Question:
$:SFr = 1.5960-70
$:A$ = 1.8225-35
Simultaneously, an Australian firm asked the bank for a A$:SFr quote. What cross rate would the bank have quoted?
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The ASFr quotation is obtained as follows In obtaining this quotation we keep in mind that ...View the full answer
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