Question: Please help, I know a and c are correct but is b correct. Can you also please explain. You are given the following currency quote:

Please help, I know a and c are correct but is b correct. Can you also please explain.

You are given the following currency quote: AUD/CAD = 0.9654. Which of the following statements are true with respect to this currency quote? Select one:

a. AUD (Australian dollar) is the base currency; CAD (Canadian dollar) is the quote currency

b. One AUD is slightly more valuable than one CAD

c. One CAD will purchase 1.0358 AUD

d. All of the above statements are true

e. Only a) and c) are true

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