Suppose the direct foreign exchange rates in U.S. dollars are:1 Singapore dollar = $0.70251 Cyprus pound = $2.5132Based on the information given above, the indirect exchange rates for the Singapore dollar and the Cyprus Pound (from a U.S. perspective) are:
A. 0.2975 Singapore dollars and 1.5132 Cyprus pounds respectively.
B. 1.7655 Singapore dollars and 1.4235 Cyprus pounds respectively.
C. 1.4235 Singapore dollars and 0.3979 Cyprus pounds respectively.
D. 2.1622 Singapore dollars and 0.4625 Cyprus pounds respectively.
Answer: C
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