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NEW QUESTION: 1
Suppose the Brazilian real is quoted at US$:R = 0.9955-1.0076 and the Thai baht is quoted at US$:B
= 25.2513-3986. What is the direct quote for the real in Bangkok (R:B=?)?
A. 25.1376 - 2654
B. 30.5541 - 6456
C. 25.0608 - 5134
Answer: C
Explanation:
Bid cross rate for the real R:B = 25.2513/1.0076 = 25.0608. Ask cross rate for the real R:B =
25.3986/0.9955 = 25.5134. Therefore the direct quotes for the real in Bangkok are R:B = 25.0608 - 5134.

NEW QUESTION: 2
Record numbers have to be manually incremented
A. True
B. False
Answer: B

NEW QUESTION: 3

A. Option C
B. Option D
C. Option A
D. Option B
Answer: B

NEW QUESTION: 4
Upon completion of audit work, an IS auditor should:
A. review the working papers with the auditee.
B. provide a report to the auditee stating the initial findings.
C. distribute a summary of general findings to the members of the auditing team.
D. provide a report to senior management prior to discussion with the auditee.
Answer: C