Multiple Choice
The Australian financial news quoted US$1.00 equals A$0.9399/0.9649.What does this represent?
A) A bid rate of A$0.9649.
B) The direct form of quotation.
C) An offer rate of A$0.9399.
D) A bid-ask spread of A$0.0351.
Correct Answer:
Verified
Correct Answer:
Verified
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