The Australian Financial News quoted A$1.00 equals US$1.15/1.18. What does this represent?
A) A bid rate of A$1.15.
B) A bid rate of US$1.18.
C) An offer rate of A$1.18.
D) An offer rate of US$1.18.

Name: The Australian Financial News quoted A$1.00 equals US$1.15/1.18. What does this represent? A) A bid rate of A$1.15. B) A bid rate of US$1.18. C) An offer rate of A$1.18. D) An offer rate of US$1.18.
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Question

Quizplus · Accepted Answer

The quote A$1.00 equals US$1.15/1.18 represents a bid rate of US$1.15 and an offer rate of US$1.18.

The Australian Financial News Quoted A$1