If 6-Month EUR/AUD Is Quoted at 29/32, Which of the Following

question 69

Multiple Choice

If 6-month EUR/AUD is quoted at 29/32, which of the following statements is correct?

• A) EUR rates are higher than AUD rates in the 6-month
• B) AUD rates are higher than EUR rates in the 6-month
• C) There is a positive EUR yield curve
• D) There is not enough information to decide

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Definitions:

Aerial Perspective

A depth cue that involves the observation of distant objects appearing less sharp and usually bluer than nearer objects, due to the scattering of light through the atmosphere.

Convergence

The coming together of two or more things to merge or intersect, often referred to in the context of ideas, forces, or physical objects.

Perception

The process of organizing, identifying, and interpreting sensory information to represent and understand the environment or an event.

Sensory Information

Data obtained by the senses, which play a crucial role in allowing the brain to understand and interact with the environment.