If spot NZD/CHF is quoted to you as 0.7406-09. How many NZD would you receive in exchange for CHF 5,000,000.00 if you dealt on the price?
A) 3,704,500.00
B) 6,748,549.06
C) 3,703,000.00
D) 6,751,282.74

Question

Quizplus · Accepted Answer

To calculate the amount of NZD received, we need to divide the CHF 5,000,000.00 by the bid price of 0.7406.

NZD received = CHF 5,000,000.00 ÷ 0.7406 = NZD 6,748,549.06

Therefore, the correct answer is B.

If Spot NZD/CHF Is Quoted to You as 0