28.03.2023 - 12:12

If one Swiss franc can purchase $0.85 U.S. dollars, how many Swiss francs can one U.S. dollar buy? a) 1.2588 b) 1.1765 c) 1.3647 d) 1.2471 e) 1.0824

Question:

If one Swiss franc can purchase $0.85 U.S. dollars, how many Swiss francs can one U.S. dollar buy?

a) 1.2588

b) 1.1765

c) 1.3647

d) 1.2471

e) 1.0824

Answers (1)
  • Lydia
    April 10, 2023 в 07:26
    To determine how many Swiss francs can be purchased with one U.S. dollar, we need to take the reciprocal of the exchange rate given. Reciprocal = 1/0.85 = 1.1765 Therefore, one U.S. dollar can buy 1.1765 Swiss francs, which corresponds to option (b).
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