Question: Question 2 2 pts (Similar to Problem 8 at the end of chapter 5) A bank is quoting the following exchange rates against the dollar
Question 2 2 pts (Similar to Problem 8 at the end of chapter 5) A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1.5960 -70 A$/$ = 1.7225--35 An Australian firm asks the bank for an A$/SFr quote. The cross-rate for an A$/SFr bid is and for an A$/SFr ask is (keep four decimals, such as 1.1234)
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