A bank is quoting the following exchange rates against the dollar for the Swiss franc

$1.49 Excluding Tax

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QUESTION:

A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar:

SFr/$ = 1.5960–70

A$/$ = 1.7225–35

An Australian firm asks the bank for an A$/SFr quote. What cross-rate would the bank quote?


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