Using the information contained in the table,for the AUD/USD exchange rate,what is the ask rate assuming direct rates from a US perspective?

Question

Quizplus · Accepted Answer

The first issue is to express the quotation in a direct rate from an AUD perspective.That is,the units should be in AUD,and hence the AUD should be in the numerator as per AUD/USD.As the rates are already quoted in the table as USD/AUD,we can simply take the ask value from the table.

Using the Information Contained in the Table,for the AUD/USD Exchange 1.0060 1.0060 1.0060

Using the Information Contained in the Table,for the AUD/USD Exchange $1.0060$