Dealer A quotes 1.7652/1.7672 for the AUD/USD exchange rate to Dealer B. The price (in U.S. dollars) at which B can buy one unit of the Australian dollar is:
A) 1.7652
B) 1.7672
C) 0.5665
D) 0.5659
Correct Answer:
Verified
Q30: In the foreign exchange market, market makers:
A)
Q31: You are given the exchange rate AUD/USD
Q32: If the AUD/USD exchange rate declines from
Q33: 'Reciprocity' in the foreign exchange market refers
Q34: A 'misquote' arises when a dealer:
A) quotes
Q35: Calculate the EUR/AUD cross OFFER rate. You
Q37: Calculate the USD/AUD 3-months forward spread in
Q38: Calculate the USD/AUD 3-months forward spread in
Q39: This means that: The following are the
Q40: If the AUD/USD forward spread is -5.00%,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents