To determine how many Swiss francs it costs to buy 1 U.S. dollar, we need to interpret the given USD/CHF quote. The quote provided is [tex]$1.4481 / 88$[/tex], typically indicating the exchange rates, where [tex]$1.4481$[/tex] is the bid price (the price at which the market buys USD and sells CHF), and [tex]$88$[/tex] indicates cents or other related figures that might lead to confusion without proper context. However, in most standard economic contexts, we focus on the direct ratio provided by the main figure to understand the exchange rate clearly.
Here, the quote [tex]$1.4481$[/tex] directly answers the question of how many Swiss francs it costs to buy 1 U.S. dollar.
Let's break it down step-by-step for clarity:
1. The exchange rate given is [tex]$1.4481$[/tex], which means:
- For every 1 U.S. dollar, it costs 1.4481 Swiss francs.
2. Therefore, the relevant number from the quote ([tex]$1.4481$[/tex]) is what we need to use to answer the given question directly, ignoring potential rounding or referencing errors introduced by other non-standard figures provided.
By examining the listed options:
A. 1.4488
B. 1.8881
C. 1.8844
D. 1.4481
Clearly, the correct answer that matches our identified exchange rate is:
D. 1.4481
Therefore, it costs 1.4481 Swiss francs to buy 1 U.S. dollar.
