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QUESTION
Suppose the exchange rate betwwen us dollars a d swiss francs is SF 1.0197= $1.00, and the exchange rate between the US dollar and the euro is...
Q1.Suppose the exchange rate betwwen us dollars a d swiss francs is SF 1.0197= $1.00, and the exchange rate between the US dollar and the euro is 1.00euro = 1.1144$ what is the cross-rate of swiss francs to euros?
Q2. Supose a carton of hockey pucks sell in canada for 125 canadian dollars and 1 us dollar equal 1.3456 canadian dollars. If purchasing power parity (ppp) holds, what is the price of hocky puck in US?
