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Abitibi Bank quotes EUR1: JPY 155-165 and Bathurst Bank quotes JPY1: EUR 0.0059-0.0063. Are these quotes identical? Show workings (3 marks If not, is there

Abitibi Bank quotes EUR1: JPY 155-165 and Bathurst Bank quotes JPY1: EUR 0.0059-0.0063.

Are these quotes identical? Show workings (3 marks

If not, is there a possibility for shopping around or arbitrage?

If there is an arbitrage opportunity, how would you profit from it? (5 marks)

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