(1) You are a foreign exchange trader and you receive the following two quotes for spot trading: - Bank A is willing to trade at $1.50 per Swiss franc. - Bank B is willing to trade at 0.50 Swiss frank per dollar. Is there an opportunity to make an arbitrage profit? If there is, explain what you will do. If there is not, why not? (2) A Chinese exporter exported a $500000 device to the US. The contract has been signed and the delivery date is three months later. Assuming the dollar does depreciate after three month, one dollar against RMB has dropped from 6.53 to 6.50. How much money did he lose? In order to avoid the decrease of income due to the depreciation of the US dollar, what can he do