Suppose that currently 1 british pound equals 162 us


Suppose that currently, 1 British pound equals 1.62 U.S. dollars and 1 U.S. dollar equals 1.62 Swiss francs. What is the cross exchange rate between the pound and the franc?


A. 1 British pound equals 3.2400 Swiss francs

B. 1 British pound equals 2.6244 Swiss francs

C, 1 British pound equals 1.8588 Swiss francs

D. 1 British pound equals 1.0000 Swiss francs

E. 1 British pound equals 0.3810 Swiss francs

 

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Suppose that currently 1 british pound equals 162 us
Reference No:- TGS0632684

Expected delivery within 24 Hours