Suppose the exchange rate between the U. dollar and the Swiss francs is SF1.20 = $1.00, and the exchange rate between the U. dollar and the euro is...

Suppose the exchange rate between the U.S. dollar and the Swiss francs is SF1.20 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.30 = 1 euro. What is the cross-rate between the Swiss franc and the euro; that is, how many Swiss francs can one euro buy?

Select one:

a. 1.56 Swiss francsb. 1.95 Swiss francsc. .95 Swiss francsd. 1.083 Swiss francse. 1.72 Swiss francs