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1. Consider the quotes below. What is the bid of the AUD / CNY cross-rate? Bank Quotations Bid GBP / AUD 1.55 GBP / CNY

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1. Consider the quotes below. What is the bid of the AUD / CNY cross-rate? Bank Quotations Bid GBP / AUD 1.55 GBP / CNY 1.45 Ask 1.56 1.52 (a) 0.98 (b) 1.02 (c) 1.08 (d) 0.93 (e) None of the above

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