Question
international finace Explain, in detail and based upon the material covered in this subject on International Finance, in your own words what the quote AUD/USD
international finace
Explain, in detail and based upon the material covered in this subject on International Finance, in your own words what the quote AUD/USD 0.7169/73 means if this quote was provided to you by a currency dealer.
In providing your explanation you are required to include explanations of:
- Whether, from an Australians perspective, if this quote is a direct or indirect quote
- At what FX rate you would buy USD and at what FX rate you would sell USD
- How the currency dealer would profit, if at all
- How the USD leg of the trade would settle, provided you were representing a major bank (ie you were trading in the institutional market)
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Behavioral Finance And Investor Types
Authors: Michael M. Pompian
1st Edition
1118011503, 978-1118011508
