Question
A trader has 100.000 $ and exchange rates are: 1=1,45 US$ 1=1,08 US$ What should be the / rate in order to avoid any arbitrage
A trader has 100.000 $ and exchange rates are:
1=1,45 US$
1=1,08 US$
What should be the / rate in order to avoid any arbitrage opportunities?
Select one:
a. 0.7448
b. 1.3624
c. 0.7844
d. 1.3426
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Business Mathematics
Authors: Charles MillerStanley SalzmanStanley SalzmanGary Clendenen
11th Edition
0321500121, 9780321500120
