If the bank sells one franc for $0.45, what is the implied number of francs per dollar?
Explanation
Since 1 franc costs $0.45, the dollar price in francs is calculated as 1 ÷ 0.45 = 2.222 francs per dollar.
Since 1 franc costs $0.45, the dollar price in francs is calculated as 1 ÷ 0.45 = 2.222 francs per dollar.