How do you expect the exchange rate quotes to be on the paper? I had done a lot of practice with AUD:USD format as against the algebraic ratio format. But all i see on schweser mocks is the latter format. I actually find the first format easy.
I actually asked the same question a few weeks back… didn’t really get a straight answer in here. But since then I started reading a bitmore… and It seems like both formats are possible. CFAI I believe mentions that they’re trying to follow market covention by showing AUD:USD format… But I don’t think that means that AUD/USD format can’t be on the exam. What I do when I do any question is… I convert any AUD/USD to the other format. Sorry that I don’t have a straight forward answer for you
Hey, that helps man. I like your answer no matter what. Even I do the same: I convert it to the market convention. It’s very easy to caculate the cross rates particularly then. I don’t need a triangle. And what the heck is schweser doing by some stupid rule: up the bid, down the ask. That kinda sucks. Making things complicated.