if we saw an exchange rate quote AUD/USD 0.7847, this would mean Select one: a. One Australian dollar would buy 0.7847 US dollars. b. One US dollar would buy 0.7847 Australian dollars. c. One Australian dollar would buy 1.2744 US dollars d. The same as USD AUD 0.7847 The US Current Account deficit Select one: a. was first seen in the 1970s and 80s b. as a percentage of ODP, worsened during the recessions in the 2000s cover the last fifty years, reached its lowest point in 2006 as a percentage of GDP d. represents US dollar inflows into the Current Account that have to be made up by US dollar outflows from the Financial Account Special Drawing Rights (SDR) Select one: a represents an international currency created by the IMF b. represents an international currency created by the World Bank c. represents an international currency created by the Federal Reserve d. represents an international currency created by the ECB In the FX market Select one a. buying currency in the same as supplying it b. selling a currency is the same as demanding it c. the more a country purchases foreign goods, the more domestic currency it will have to supply d. the more a country purchases foreign goods, the more domestic currency it will have to purchase