Suppose you are reviewing the exchange rates for the irish


Suppose you are reviewing the exchange rates for the Irish Punt (P), the Swiss Franc (SF), and the U.S. Dollar ($). You see the following quotes: P 3 per $1; SF 9 per $1. What is the cross-rate for Punts per Swiss Franc?

A.) P.133 per SF1
B.) P.333 per SF1
C.) P.667 per SF1
D.) P3.000 per SF1
E.) P9.000 per SF1

 

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Finance Basics: Suppose you are reviewing the exchange rates for the irish
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