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22. The Australian financial news quoted US$1.00 equals A$0.9291/0.9632. What does this represent? a.A bid rate of A$0.9632. b.The indirect form of quotation. c.An offer

22. The Australian financial news quoted US$1.00 equals A$0.9291/0.9632. What does this represent?

a.A bid rate of A$0.9632.

b.The indirect form of quotation.

c.An offer rate of A$0.9291.

d.A bid-ask spread of A$0.0251.

Is this question answer B? if it is pls explain the answer for me thx

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