As a foreign exchange trader at Sumitomo Bank, one of your customers would like a yen quote on Australian dollars. Current market rates are: Spot 30-day ¥101.37-85/U. S.$1 15-13 A$1.2924-44/U. S.$1 20-26 What bid and ask yen cross rates would you quote on spot Australian dollars? Group of answer choices AD 0.012769/¥ -88 ¥78.31-81/A$1 AD 0.012/¥-76 ¥77.91-99/A$1
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As a foreign exchange trader at Sumitomo Bank, one of your customers would like a yen quote on Austr...
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