Multiple Choice
The Australian Financial News quoted A$1.00 equals US$1.05/1.08.What does this represent?
A) A bid rate of US$1.08.
B) An offer rate of A$1.08.
C) A bid rate of A$1.05.
D) An offer rate of US$1.08.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: All of the following are examples of
Q7: A decrease in the direct rate of
Q8: AASB 121 requires that the financial report
Q9: All of the following assets can be
Q10: All of the following are examples of
Q11: At the date of the transaction, a
Q13: If an Australian company enters a forward
Q16: A forward contact to buy US$40 000
Q18: At the end of the reporting period,
Q20: Foreign exchange risk may relate to:<br>A) recognised