A student researching the AUD/USD exchange rate on a particular day is confused to find the following two quotations:
i.AUD/USD 0.5825-30
ii.USD/AUD 1.7152-67
Which of the following statements is correct?
A) Quote i is the convention adopted in Australia and is a direct quote
B) Quote ii is the convention adopted in Australia and is a direct quote.
C) Quote i is the convention adopted in Australia and is an indirect quote.
D) Quote ii is the convention adopted in Australia and is an indirect quote.
Correct Answer:
Verified
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