Multiple Choice
An Australian export company wishes to sell its euro receipts,EUR 500 000,through an FX dealer and receives the following quote: 'Aussie mark spot is one-twenty-two fifty-five to sixty five'.What is the value of the export receipt?
A) $407 664.09
B) $407 996.74
C) $612 750.00
D) $613 250.00
Correct Answer:
Verified
Correct Answer:
Verified
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