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A foreign exchange dealer using the indirect form of quotation has quoted A$1.00 equals US$0.6961/0.7754. What does the quoted exchange rate represent? a buying rate

A foreign exchange dealer using the indirect form of quotation has quoted A$1.00 equals US$0.6961/0.7754. What does the quoted exchange rate represent? a buying rate of A$0.6961 for US$1.00 selling rate of AS0.7754 for US$1.00 b. buying rate of A$0.7754 for US$1.00 selling rate of A$0.6961 for US$1.00 O c. buying rate of US$0.6961 for A$1.00 selling rate of US$0.7754 for A$1.00 O d. buying rate of US$0.7754 for A$1.00 selling rate of $US0.6961 for A$1.00

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