What was the exchange rate between francs and pounds

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Reference no: EM131367776

1. If British pounds sell for $1.50 (U.S.) per pound, what should dollars sell for in pounds per dollar?

2. Suppose that 1 Swiss franc could be purchased in the foreign exchange market for 60 U.S. cents today. If the franc appreciated 10 percent tomorrow against the dollar, how many francs would a dollar buy tomorrow?

3. Suppose the exchange rate between U.S. dollars and the Swiss franc was SFr1.6 $1, and the exchange rate between the dollar and the British pound was £1 $1.50. What was the exchange rate between francs and pounds?

Reference no: EM131367776

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