The Price at Which Australian Dollars Can Be Converted Into,say,US

question 55

Multiple Choice

The price at which Australian dollars can be converted into,say,US dollars is known as the:

• A)spot exchange rate.
• B)direct exchange rate.
• C)exchange rate between Australian dollars and US dollars.
• D)gold standard.

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Definitions:

Net Proceeds

The amount of money received from a sale after all costs and expenses have been paid.

Trade Discount

A reduction in the listed price of goods or services offered by a vendor to buyers in the same trade.

Personal Video Recorder

An electronic device or software application that records video in a digital format to a disk drive or other memory medium within a device.

Suggested Retail Price

The price that manufacturers recommend retailers to sell their products for to consumers.