Craig is an importer of cashew nuts from the United States. He has an outstanding invoice for which he needs to purchase $ US$50,000.$ His bank quotes him a spot price of AUD$/$USD $\frac{0\mathrm{.}8550}{0\mathrm{.}8555}$ to settle the invoice.

Which of the following transactions will he undertake?

Select one:

a$.$ Craig buys $$US50,000$ and sells $A$$$58,479\mathrm{.}53$

b$.$ Craig sells $$US50,000$ and buys $$A58,479\mathrm{.}53$

c$.$ Craig buys $$US50,000$ and sells $$A58,445\mathrm{.}35$

d$.$ Craig buys $$US50,000$ and sells $$442,750\mathrm{.}00$

Clear my choice