ACI
3I0-012 · Question #545
If 6-month EUR/AUD is quoted at 29/32, which of the following statements is correct?
The correct answer is B. AUD rates are higher than EUR rates in the 6-month. See the full explanation below for the reasoning.
Question
If 6-month EUR/AUD is quoted at 29/32, which of the following statements is correct?
Options
- AEUR rates are higher than AUD rates in the 6-month
- BAUD rates are higher than EUR rates in the 6-month
- CThere is a positive EUR yield curie
- DThere is not enough information to decide
How the community answered
(15 responses)- A7% (1)
- B73% (11)
- C7% (1)
- D13% (2)
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