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1 . If the quote for the AUD in the Interbank market was 0 . 6 5 6 0 / 0 . 6 5 6

1. If the quote for the AUD in the Interbank market was 0.6560/0.6564
a) What type of quote is this (Direct / Indirect)
b) What is the size of the spread in points?
c) Convert this to the other type of quote (Direct or Indirect) on the AUD in the interbank market.
d) Convert this to a DIRECT quote on the USD.
e) If I purchased 100 USD worth of goods, what would it cost me in AUD? Assume I can use the interbank rates provided, though I will be charged a retail transaction fee of 1 AUD.

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