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,how many Swiss francs are required to purchase goods costing $5,000 U.S.?
A)32,785
B)5,186
C)4,821
D)763

Question

Quizplus · Accepted Answer

To find out how many Swiss francs are required to purchase goods costing $5,000 U.S., divide the amount in U.S. dollars by the exchange rate: $5,000 / $1.0371 = 4,821 Swiss francs.

Suppose the Direct Foreign Exchange Rates in U