An FX Dealer Provides a Quote of AUD/USD0

question 55

Essay

An FX dealer provides a quote of AUD/USD0.9345-53.(i)A fund manager wishes to convert AUD 5 million into USD to invest in US shares. If they accept the dealer's quote, how much in USD will they receive?
(ii)Big Bank has USD 10 million that they wish to convert to AUD. If they accept the dealer's quote, how much in AUD will they receive?

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Definitions:

Emotions

Complex psychological states that involve a subjective experience, a physiological response, and a behavioral or expressive response.

Reticular Activating System

A network of neurons located in the brainstem that is responsible for regulating wakefulness and sleep-wake transitions.

Beta Wave Activity

refers to the brain wave patterns associated with active, alert, and waking states of consciousness, characterized by a higher frequency of neural oscillations.

Alpha Wave Activity

Brainwaves detected via EEG, associated with a relaxed yet alert state of consciousness.