MiMiRedd8123 MiMiRedd8123
  • 09-11-2020
  • Business
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If one Swiss franc (CHF) can purchase 0.85 U.S. dollar, how many Swiss francs can one U.S. dollar buy

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Parrain
Parrain Parrain
  • 10-11-2020

Answer: CHF 1.18 Swiss Franc

Explanation:

If one Swiss franc (CHF) can purchase $0.85, this means that the Swiss franc is weaker than the dollar as it can only buy less than 1 dollar per Swiss franc.

If one Swiss Franc is to $0.85, one $1 will be;

= 1/0.85

= 1.18 Swiss Franc

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