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Five forex bureaus recently surveyed in Accra at noon on a particular day quoted the rates below. Examine the quotations below and see if there

Five forex bureaus recently surveyed in Accra at noon on a particular day quoted the rates below. Examine the quotations below and see if there is any room for locational arbitrage. If there exists any such opportunity, calculate how much profit one can make in cedis with $1,000,000. Bureau 1, Buy Ghs5.7500, Sell Ghs5.7700, Bureau 2, Buy Ghs5.7100, Sell Ghs5.7500, Bureau 3, Buy Ghs5.7200, Sell Ghs5.7300, Bureau 4, Buy Ghs5.7200, Sell Ghs5.7500, Bureau 5, Buy Ghs5.7300, Sell Ghs5.7511

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