Kizspy | Question: 20 (Choose 1 answer)
Assume that the spot rate changed from $0.64 per Swiss franc on January 1 in one recent year to $0.68 per Swiss franc on December 31 of that year.What is the percentage change in the franc spot rate using indirect quotes for a US company?
Α. 5.55%
Β. 6.25%
C. 7.77%
D. 8.85%
Ε. 9.45%
