Suppose we have the following exchange rate quotes: Suppose you have £150. This

Question

Suppose we have the following exchange rate quotes:

Suppose you have £150. This is worth $ . Therefore, you would rather have 150 (Click to select)U.S. dollarsBritish pounds. (Do not round intermediate calculations and round your answer to 2 decimal places (e.g., 32.16).)

You still have £150. In Swiss francs, this is worth Fr . Therefore, you would rather have 150 British pounds. (Do not round intermediate calculations and round your answer to 2 decimal places (e.g., 32.16).)

The cross-rate for Swiss francs in terms of British pounds is Fr / £ . The cross-rate for British pounds in terms of Swiss francs is £ / Fr . (Do not round intermediate calculations and round your answers to 4 decimal places (e.g., 32.1616).)

Suppose we have the following exchange rate quotes:

Explanation / Answer

1.UK 150 = US$ (150*1.5708) = US$ 235.62 Ans; UK

2. UK 150= US$ 235.62 = (235.62 * 0.9351) Fr = 220.328262 Fr

3. UK/Fr. = (UK/$) / (Fr./$) = 0.6366/0.93510 = .6808 4. Fr./UK = (Fr/$) / (UK/$) = 0.9351/0.6366 = 1.4689

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