ACI
3I0-013 · Question #227
If the EUR/USD is quoted to you as 1.3550-53, what does this price represent?
The correct answer is C. The interest rate differential between EUR and USD. See the full explanation below for the reasoning.
Question
If the EUR/USD is quoted to you as 1.3550-53, what does this price represent?
Options
- AEUR per USD
- BUSD per EUR
- CThe interest rate differential between EUR and USD
- DThe fact that one USD is worth more than one EUR
How the community answered
(36 responses)- A8% (3)
- B17% (6)
- C72% (26)
- D3% (1)
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