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

question 30

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 curie
• D) There is not enough information to decide

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Definitions:

Checkbook Balance

The total amount of money available in a checking account, as recorded in the checkbook register after accounting for all deposits, checks, and adjustments.

Outstanding Deposits

Deposits that have been made to an account but not yet processed or recorded by the bank.

Outstanding Checks

Checks that have been issued and recorded in the issuer's ledger but have not yet been cashed or cleared by the bank.

Reconciled Balance

The balance amount after accounting adjustments have been made to reflect true financial position.