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Suppose you are a customer in the FX market and you observe the following quotes for FX spot trades of AUD vs. the USD and
Suppose you are a customer in the FX market and you observe the following quotes for FX spot trades of AUD vs. the USD and GBP vs. the USD: Bid Ask S(USD/GBP) 1.3974 1.3992 S(USD/AUD) 0.7815 0.7842 To four decimal places, at what price could you as a customer sell AUD and buy GBP? Answer as a direct quote for AUD / indirect quote for GBP. O 0.5612 O 0.5585 None of the other answers. 1.0935 1.0958
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