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A Foreign Exchange Rate of USD/AUD 0  that the bank will buy 1USD for AUD0.992s \text { that the bank will buy 1USD for AUD0.992s }

Question 7

Multiple Choice

A foreign exchange rate of USD/AUD 0.9925-0.9950 indicates:


A)  that the bank will buy 1USD for AUD0.992s \text { that the bank will buy 1USD for AUD0.992s }
B)  that the bank will sell 1AUD for USDD.9925 \text { that the bank will sell 1AUD for USDD.9925 }
C)  that the bank will buy 1USD for AUD 9950\text { that the bank will buy 1USD for AUD } 9950
D) none of these answers

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