FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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If NZ$=A$0.75 and A$1=£0.5 then what is the £/$NZ exchange rate? A. NZ$1 = £0.5 B. NZ$1 = £0.75 C. NZ$1 = £0.375 D. NZ$1 = £0.25
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Cross Rates in Forex :— A cross rate is a foreign currency exchange transaction between two currencies that are both valued against a third currency. In the foreign currency exchange markets, the U.S. dollar is the currency that is usually used to establish the values of the pair being exchanged.

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