A Company Treasurer Has Received the Following Foreign Exchange Quote

question 13

Multiple Choice

A company treasurer has received the following foreign exchange quote from an FX dealer: AUD/USD 0.5655-60.For the financial report to the board of directors,the treasurer is required to ensure the USD is the unit of the quotation.Which exchange rate quotation will the treasurer include in the report?

• A) AUD/USD 0.5655-60
• B) USD/AUD 1.7668-83
• C) AUD/USD 0.5660-55
• D) USD/AUD 1.7683-68

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