Multiple Choice
A student researching the AUD/USD exchange rate on a particular day is confused to find the following two quotations:
i.AUD/USD 0.5825-30
ii.USD/AUD 1.7152-67
Which of the following statements is correct?
A) Quote i is the convention adopted in Australia and is a direct quote
B) Quote ii is the convention adopted in Australia and is a direct quote.
C) Quote i is the convention adopted in Australia and is an indirect quote.
D) Quote ii is the convention adopted in Australia and is an indirect quote.
Correct Answer:
Verified
Correct Answer:
Verified
Q73: The central bank resources made up of
Q74: The value of FX daily transactions in
Q75: The institutions that transact between the foreign
Q76: The theory that the annual percentage differential
Q77: A bank has been asked to provide
Q79: The financial institution responsible for monetary policy
Q80: For currency transactions,the spot exchange rate is
Q81: Financial institutions active in the FX markets
Q82: If the Australian central bank wished to
Q83: The FX market is organised as an