Question: uiz # 1. 1. Based on the information in Table 1 (from the Financial Times), what is the U.S. Dollar (USD)/Swiss Franc (CHF) closing mid-point

uiz # 1. 1. Based on the information in Table 1 (from the Financial Times), what is the U.S. Dollar (USD)/Swiss Franc (CHF) closing mid-point spot rate? a. USD 0.01667/ CHF b. USD 0.9840/ CHF c. USD 0.9937/ CHF d. USD 1.00634/ CHF e. USD 1.01626/ CHF The table reports a mid-point rate of CHF 0.9937/USD. In USD, that is equivalent to 1/0.9937 or USD 1.00634/CHF. 2. Based on the information in Table 1, how much does it cost to buy one Australian Dollar (AUD)? a. USD 0.8182/ AUD b. USD 0.8185/ AUD c. USD 1.2217/ AUD d. USD 1.2222/ AUD e. USD 1.5595/ AUD In the table, the bid and ask for the USD (in AUD terms) are AUD 1.2217/USD and AUD 1.2222/USD. AUD 1.2217 is what we receive when we sell USD. Thus, buying 1 AUS costs 1/1.2217, or USD 0.8185/AUD 3. The USD/EUR exchange rate is EUR 1=USD 1.05, and the EUR /CHF exchange rate is CHF 1 = EUR 1.016. What is the CHF/USD exchange rate? a. CHF 1.0668/USD b. CHF 0.9374/USD c. CHF 1.0335/USD d. CHF 0.9676/USD EUR 1.016/CHF x USD 1.05/EUR = USD 1.0668/CHF or, equivalentl

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