The Australian Financial News Quoted US$1

question 15

Multiple Choice

The Australian financial news quoted US$1.00 equals A$0.9399/0.9649.What does this represent?

• A)A bid rate of A$0.9649.
• B)The direct form of quotation.
• C)An offer rate of A$0.9399.
• D)A bid-ask spread of A$0.0351.

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Definitions:

Feedback

Information or responses about an action or process, used as a basis for improvement.

Task-achievement Scaling

A method used to measure the success in completing specific tasks or achieving goals, often used in project management and educational settings.

Validity

The degree to which a test, tool, or study accurately measures what it is intended to measure or accurately reflects the concept it is intended to capture.

Reliability

The degree to which an assessment tool produces stable and consistent results over time.