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A currency trader at the Boston airport has a buy rate of 1.3062 and a sell rate of 1.7484 for dollars per pound. Assume that
A currency trader at the Boston airport has a buy rate of 1.3062 and a sell rate of 1.7484 for dollars per pound. Assume that a U.S. tourist returns from the U.K. and wants to sell 1,000 pounds. Five minutes later a U.S. tourist that is on his way to the U.K. comes to the same trader and wants to buy 1,000 pounds. Compute the profit/loss in dollars, for the currency trader from the two transactions. 193.63 442.20 -442.20 -193.63
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