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Assume the foreign exchange rate quotes are such that $1 is equal to 1.0941 units of Australian dollars and 0.8331 units of Euros. Also, those
Assume the foreign exchange rate quotes are such that $1 is equal to 1.0941 units of Australian dollars and 0.8331 units of Euros. Also, those quotes can be expressed as Australian dollars 1.0941/$ and Euros 0.8331/$. How many Euros is needed to buy 1 unit of Australian dollar?
Euros 0.7615/Australian dollar
Australian dollars 6.6615/Euro
Australian dollars 2.6264/Euro
none of the answers is correct
Euros 4.5385/Australian dollar
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