Question 1 (25 marks) The following wholesale exchange rates are taken from Oanda.com on September 21, 2020. Currency Pair AUD/USD AUD/JPY AUD/CAD AUD/NZD AUD/CHF Bid 0.7306 76.25 0.9626 1.0781 0.6648 Ask 0.7307 76.32 0.9634 1.0795 0.6653 Note: The quotes above are in the base currency/quote currency format. For instance, AUD/USD indicates that AUD is the base currency and USD is the quote currency. The quotes indicate how much of the quote currency is needed for you to get one unit of the base currency. a) Create a table showing the bid and ask quotes of each of the following currency pairs: USD/JPY; NZD/CAD; NZD/CHF; CHF/USD. (4 marks) b) If you were to buy CHF 100,000 on September 21, how many Australian dollars do you need for the purchase at the above rate? (2 marks) c) If you were to sell CAD 250,000 on September 21, how many Australian dollars will you receive using the rate given above? (2 marks) The forward quotes in point forms are as follows or the currency pairs AUD/USD and AUD/CHF as of September 21, 2020. Use this information to answer parts d) through g)