Suppose US$1 = 0.63 in New York and US$1 = 0.65 in Paris, how can foreign exchange

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Suppose US$1 = €0.63 in New York and US$1 = €0.65 in Paris, how can foreign exchange traders profi t from these exchange rates? What actions can they take to make the dollar/euro exchange rate the same in both New York and Paris?

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Global Business

ISBN: 9789353500399

2nd Edition

Authors: Mike W. Peng Deepak K. Srivastava

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Question Posted: Oct 18, 2024 04:00 AM

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Suppose US$1 = 0.63 in New York and US$1 = 0.65 in Paris, how can foreign exchange traders profi t from these exchange rates? What actions can they take to make the dollar/euro exchange rate the same...
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Suppose US$1 = 0.63 in New York and US$1 = 0.65 in Paris, how can foreign exchange

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