Q1.Suppose the exchange rate between us dollars a d swiss francs is SF 1.0197= $1.00, and the exchange rate between the US dollar and the euro is 1.00euro = 1.1144$ what is the cross-rate of swiss francs to euros?
Q2. Suppose a carton of hockey pucks sell in Canada for 125 Canadian dollars and 1 us dollar equal 1.3456 Canadian dollars. If purchasing power parity (ppp) holds, what is the price of hockey puck in US?