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The Euro Is Quoted as €/$ = 0

Question 9

Essay

The euro is quoted as €/$ = 0.79610-0.79650, and the Australian dollar is quoted as A$/$ = 1.5675-1.5685. What is the implicit A$/€ quotation?

Correct Answer:

verifed

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The "bid" A$/€ is given by:
(bid A$/$)/(...

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