Question
Assume that the New York indirect quotation for the Canadian dollar is 1.1860 and the New York direct quote for the Australian dollar is 0.6024.
Assume that the New York indirect quotation for the Canadian dollar is 1.1860 and
the New York direct quote for the Australian dollar is 0.6024. The value of the
Australian dollar in terms of Canadian dollars is:
a) about AUD0.7144
b) about AUD1.9688
c) about AUD1.3997
d) about CAD1.3997
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Strategic Public Finance
Authors: Stephen Bailey
1st Edition
0333922212, 978-033392221
