Multiple Choice
The Australian financial news quoted US$1.00 equals A$0.8836/0.9105. What does this represent?
A) The direct form of quotation.
B) A bid rate of A$0.9105.
C) An offer rate of A$0.8836.
D) A bid-ask spread of A$0.0269.
Correct Answer:
Verified
Correct Answer:
Verified
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