Question: The $ / exchange rate is 1 = $ 1 . 4 5 , and the / SFr exchange rate is SFr 1 = 0
The $ exchange rate is $ and the SFr exchange rate is SFr What is the SFr$ exchange rate?
Suppose the direct quote for sterling in New York is
a How much would cost in New York?
b What is the direct quote for dollars in London?
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