Question: (a) the current bid-offer quote between AUD/USD is 0.7520-0.7525, while the exchange rate between the EUR/USD is 1.0165-1.0168. If an Australian firm received 2

(a) the current bid-offer quote between AUD/USD is 0.7520-0.7525, while the exchange

(a) the current bid-offer quote between AUD/USD is 0.7520-0.7525, while the exchange rate between the EUR/USD is 1.0165-1.0168. If an Australian firm received 2 million euros from its exports, how much AUD will they recieve if they convert the EUROS ?

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