Multiple Choice
Suppose an Australian importer buys manufacturing equipment from France worth 50 million Euros at an exchange rate of AUD/EUR of 0.9622. Then the AUD- equivalent cost is:
A) $51.96 million.
B) $50.00 million.
C) $53.29 million.
D) $48.11 million.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q32: The trade- weighted index (TWI) of the
Q33: The term currency in an exchange rate
Q34: In foreign currency trading, 'hedging' means:<br>A) eliminating
Q35: What is the trade- weighted index?
Q36: If the AUD appreciates by 5% against
Q38: If an FX dealer gives a quote
Q39: The AUD is ranked where in the
Q40: The Australian FX market is ranked 9th
Q41: Interest rate parity (IRP) implies that:<br>A) international
Q42: Assume that the Australian interest rate is