A currency trader observes the following quotes in the spot market: 1 U.S. dollar =1.34 Japanese yen1 British pound =2.25 Swiss francs1 British pound =1.65 U.S. dollarsGiven this information, how many yen can be purchased for 1 Swiss franc? Do not round the intermediate calculations and round the final answer to four decimal places.
A. 0.8156
B. 1.1301
C. 0.7370
D. 0.8844
E. 0.9827
Answer: E
Business
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