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Quiz 17-4.03m Question 7 of 15 Check My Work (1 remaining) Suppose the Swiss franc is quoted at 1.2945 SF per dollar. How many U.S. dollars does it take to buy one Swiss frane? O a. $0.2500 b $1.2945 $0.5000 d. $0.6250 e. $0.7725

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Answer #1

Answer:

Correct answer is:

e. $0.7725

Explanation:

Price quoted is 1.2945 SF per dollar

Dollars required to buy one Swiss Franc = 1 / 1.2945 = $0.772499 = $0.7255

As such option e is correct and options a, b, c and d are incorrect.

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