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)? 116 yen / SwF 880 yen / SwF 645 yen / SwF 409 yen / SwF 174 yen / SwF

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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 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)?

      1. 116 yen / SwF
      2. 880 yen / SwF
      3. 645 yen / SwF
      4. 409 yen / SwF
      5. 174 yen / SwF
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