Multiple Choice
A foreign exchange dealer using the indirect form of quotation has quoted A$1.00 equals US$0.6961/0.7754. What does this represent?
A) A buying rate of US$0.7754 for A$1.00.
B) A selling rate of A$0.7754 for US$1.00.
C) A buying rate of A$0.6961 for US$1.00.
D) A selling rate of US$0.7754 for A$1.00.
Correct Answer:
Verified
Correct Answer:
Verified
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