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Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
A currency trader observes the following quotes in the spot market:
137 Japanese yen = 1 U.S. dollar
52 Swiss francs = 1 British pound
1 British pound = 1.86 U.S. dollars
Given this information, what is the exchange rate between the Japanese yen and the Swiss franc (SwF)?
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- 116 yen / SwF
- 880 yen / SwF
- 645 yen / SwF
- 409 yen / SwF
- 174 yen / SwF
-
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- I need one sentence for a non economist that shows the two main functions (rationing and incentives) that prices perform in the price mechanism in order to allocate resources and distribute the outputs.arrow_forwardonly hand written other wise skiparrow_forward5. On October 25 2015, one Euro traded for 1.106 US dollars, and thus one Us dollar traded for 0.942 Euros. If 0.942 is marked on the vertical axis of the diagram depicting equilibrium in the Euro-US dollar market, what should be measured on the horizontal axis? O. The quantity of US dollars, that is traded for Euros. O. The quantity of Euros, that is traded for all other currencies. O. The quantity of US dollars, that is traded for all other currencies. O. The quantity of Euros, that is traded for US dollars.arrow_forward
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