Suppose the direct foreign exchange rates in U.S.dollars are as follows:
1 Swiss franc = $1.0371
1 Swedish krona = $0.1526
-Based on the information given above,the indirect exchange rates for the Swiss franc and the Swedish krona (from a U.S.perspective) are
A) 0.9642 Swiss francs and 6.5531 Swedish krona respectively.
B) 1.6893 Swiss francs and 5.2563 Swedish krona respectively.
C) 1.0371 Swiss francs and 0.1527 Swedish krona respectively.
D) 0.8372 Swiss francs and 4.2713 Swedish krona respectively.
Correct Answer:
Verified
Q6: Upon arrival in Chile,Karen exchanged $1,000 of
Q7: On September 3,20X8,Jackson Corporation purchases goods for
Q8: Corporation X has a number of exporting
Q9: Mint Corporation has several transactions with foreign
Q10: Heavy Company sold metal scrap to a
Q12: Suppose the direct foreign exchange rates in
Q13: Suppose the direct foreign exchange rates in
Q14: On December 5,20X8,Texas based Imperial Corporation purchased
Q15: Suppose the direct foreign exchange rates in
Q16: Highland Company sold goods to an Egyptian
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents