The quote for USD/CHF is listed as 1.4481/88 as shown. How many Swiss francs does it cost to buy 1 U.S. dollar?
2 answers:
Answer:
USD/CHF is the currency pair, where USD stands for United States Dollar, and CHF stands for Swiss Francs.
This currency pair shows how many Swiss Francs are needed to buy 1 US Dollar. <em>The first currency listed is called base currency, and the second currency is called the quote currency. </em>Basically, the ratio shows how much of the quote currency is needed to purchase one unit of the base currency.
The ration of this pair is which means that we need 1.4481 CHF to buy one dollar.
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Based on the calculations, Tart & Sweet's total profit from April to June is equal to -2 dollars.
<h3>What is a bar chart?</h3>A bar chart can be defined as a type of chart that is used for the graphical representation of a data set, especially by using rectangular bars or vertical columns.
In order to determine Tart & Sweet's total profit, we would simply add the amount of money (in dollars) generated from April to June as follows:
- April = -8.
- May = 2.
- June = 4.
Total profit = -8 + 2 + 4
Total profit = -$2.
Read more on bar chart here: brainly.com/question/24741444
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