You need to convert some Swiss francs into euros (€). In addition to quoting the dollar/franc exchange rate as $1.05/CHF, your bank indicates that the dollar/euro exchange rate is $1.15/€. What is the euro/franc (€/CHF) exchange rate?

Q: Suppose quotes for the dollar-euro exchange rate Es/e are as follows: in New York $1.05 per euro,…

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Q: TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example, in column 1 it says the…

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Q: bank dealing in foreign currency tells you that the foreign currency will buy you $.80 US dollars.…

A: The correct option is (a) a direct quote

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Q: If euros sell for $1.71 (U.S.) per euro, what should dollars sell for in euros per dollar? Round…

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Q: se that a French firm would like to have its stock available through an American Depository Receipt…

A: ADR is the issued by the US bank and are shares of foreign companies with a US equivalent value.

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Q: For the next few questions, here are the currency rates quoted to you buy ABC Bank, the bank that…

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A: In the given question, we have two foreign exchange rates1 pound = 2 euros1 dollar = 2 pounds

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Q: Suppose that the Canadian dollar is worth A$1.08 and the United States dollar is worth A$1.35. (a)…

A:

Q: You can exchange $1 for either .9102 euro or .7233 British pounds. What is the cross-rate in terms…

A: Exchange rate of €‎/$ = 0.9102 Exchange rate of £‎/$ = 0.7233   Cross rate = ?

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Q: assume the direct quote on the euro is 2.14 and the indirect quote on the Swiss franc is 0.76. what…

A: Direct quote on the euro = 2.14Indirect quote on the Swiss franc  = 0.76

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A: The foreign exchange rates: The foreign exchange rates refer to the trading of one currency for…

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A:

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Instruments of Foreign Exchange Market

Foreign exchange is a worldwide market in which one nation’s currency is converted into another nation’s currency. In further terms, exchanging of nations currency with foreign currencies. Foreign exchange happens at a specified rate which is termed the foreign exchange rate. The exchange rates are not constant continuously changing as they are derived by market forces of supply and demand. Widely used foreign currencies are the United States- dollar, Euro, Japanese Yen, British pound, and Australian dollar. US- dollar is the most denominated foreign currency. The Euro to US dollar is a widely used currency pair in the forex market as these two currencies represent the world’s enormous economy. Forex trade is simple as exchanging currencies at the bank. The main players of forex markets are the central banks, financial institutions, intermediaries, investments banks, and other banks. Central Bank is the supreme player who decides the currency value of their own nation on the forex market. Mostly foreign exchange-traded at FX market (forex market) when tourists’ visits a foreign country, import, and export happens between two countries.