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NEW QUESTION: 1
Assume AUD:USD is 1.0717, and the three-month forward rate is quoted as 0.85%. The AUD:USD three-month forward rate is:
A. 1.0802
B. 1.0632
C. 1.0808
Answer: C
Explanation:
1.0717 x (1 + 0.85%) = 1.0808