4.00 points P21-2 Using the Cross-Rate [LO1] Use the information below to answer

Question

4.00 points P21-2 Using the Cross-Rate [LO1] Use the information below to answer the questions that follow. Switzerland Franc (SF) Jordan Dinar (JD) U.S. S EQUIVALENT 0.8008 1.4104 Required: a. How many dollars can you get with 100 Swiss franc? (Click to select) b. How many dollars can you get with 100 Jordan dinars? (Click to select) c.What is the cross-rate for Jordan dinars in terms of Swiss francs? Click to select) d. What is the cross-rate for Swiss francs in terms of Jordan dinars? (Click to select)

Explanation / Answer

Answer:

a. 1$ = SF 0.8008 ; 100 SF = 100 / 0.8008 = $ 124.8751

b.1$ = JD 1.4104 ; 100 JD = 100 / 1.4104 = $ 70.9018

c.JD / SF = JD /US$ x US$ / SF = 1.4104 x (1 /0.8008) = 1.7612

d.SF/ JD = SF / US$ x US$ / JD = 0.8008 x ( 1 / 1.4104) = 0.56778

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