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Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.41 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.64 euros. What is the cross-rate of Swiss francs to euros?

Answer

a. 0.43

b. 0.86

c. 1.41

d. 1.64

e. 2.27

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