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20. Today's spot rate for the Indonesian rupiah (IDR) is USD/IDR 2,400.00, and the New
Zealand dollar trades at USD/NZD 1.6000. The IDR/NZD cross rate is:
A. 0.00067.
B. 1,492.53.
C. 3,840.00.
21. The NZD is trading at NZD/USD 0.3500, and the SEK is trading at SEK/NZD 0.3100. The
SEK/USD cross rate is:
A. 0.1085.
B. 8.8573.
C. 9.2166.
10. The spot exchange rate can be defined as the:
A. exchange rate that is settled within two business days
B. exchange rate that is settled within five working days
C. direct exchange rate
D. exchange rate between two currencies
Choose the correct answer and provide accurate answer.
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