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28 August, 07:25

Bartman, Corp. observes that the Swiss franc (SF) is quoted at $0.6164/SF, while the Swedish krona (SK) is quoted at $0.1981/SK. What is the SK/SF cross rate? (Round your final answer to four decimal places.

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  1. 28 August, 09:26
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    Answer: SK is 3.1116/SF

    Explanation:

    If 1 Franc = $0.6164 and 1 krona = $0.1981 then the expression can be also be expressed as,

    1 Franc = 1 krona

    $0.6164 = $0.1981.

    Then if,

    0.6164 = 0.1981

    What is 1 Krona in terms of a Franc

    0.6164 : 0.1981

    x : 1

    0.1981x = 0.6164

    x = 0.6164 / 0.1981

    x = 3.11155981827

    x = 3.1116

    This means that 1 krona is 3.1116 Franc or,

    SK is 3.1116/SF
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