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A bank quoted the following exchange rates against the dollar for the Swiss franc and the Australian dollar.

$ : SFr = 1.5960-70

$ : A$ = 1.8225-35   

A Swiss firm asked the bank for an SFr : A$ quote. What cross rate would the bank have quoted?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92372916

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