If the bank is selling francs for $0.45, then what is the implied franc price of the dollar?

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A1.999

B2.222

C2.0

D2.323

Correct answer

B. 2.222

Explanation

The correct answer is 2.222.

If the bank is selling francs for $0.45, then what is the implied franc price of the dollar? - Answer and Explanation | Academy of Pakistan