Question: 1. In a direct FX (foreign exchange) quote Select one A. the price is expressed in terms of one unit of the home currency per

1. In a direct FX (foreign exchange) quote

Select one

A. the price is expressed in terms of one unit of the home currency per x units of the overseas (foreign) currency

B. the quote is given via broker rather than a bank

C. the quote is officially listed on the RBA (Reserve Bank of Australia) dealing screen

D. the price is expressed in terms of x units of the home currency per one unit of the overseas (foreign) currency.

2. Currencies are quoted in terms of a currency pair. If the following quote is given: USD/AUD, the US dollar is

Select one

A. The currency that is actually going to be exchanged.

B. The base (commodity) meaning it is the currency whose price is given in the exchange rate (for eg. 1 USD=1.30 AUD).

C. the terms currency meaning the currency in whose terms the quote is being expressed (1AUD=0.76USD)

D. None of the above

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