Please show solution.1.The Swiss franc is selling for $.7681 and the British pound is selling for $1.6581. The cross rate between the franc and the pound is: (Show your work/calculations/formulas)
1.The Swiss franc is selling for $.7681 and the British pound is selling for $1.6581. The crossrate between the franc and the pound is: (Show your work/calculations/formulas)SolutionCross Rate…