Multiple Choice
In a direct FX quote:
A) the price is expressed in terms of x units of the home currency per unit of the overseas currency.
B) the price is expressed in terms of one unit of the home currency per x units of the overseas currency.
C) the quote is officially listed on the RBA dealing screen.
D) the quote is given via a broker rather than a bank.
Correct Answer:

Verified
Correct Answer:
Verified
Q47: Losses that arise as a result of
Q48: Foreign exchange swaps are best described as:<br>A)
Q49: Outline the various factors influencing exchange rates.
Q50: If the expected sharemarket yield in Australia
Q51: If an exporter to the US expects
Q53: If a trader quotes the following exchange
Q54: Which of the following is a FX
Q55: As the exchange rate declines:<br>A) the aggregate
Q56: An argument used in favour of fixed
Q57: An exporter selling to the US market