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    Business
  3. Study Set
    Accounting for Corporate
  4. Exam
    Exam 10: Translation and Consolidation of Foreign Currency Financial Statements
  5. Question
    An Exchange Rate Quoted in Australia of AUD 1
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An Exchange Rate Quoted in Australia of AUD 1

Question 30

Question 30

Multiple Choice

An exchange rate quoted in Australia of AUD 1.00 = USD 1.05 is an example of:


A) direct form of exchange rate
B) indirect form of exchange rate
C) neither form
D) none of the above

Correct Answer:

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