Question
If you lived in New York and you discovered that the dollar was quoted in Beijing at Yuan2.60/US$, and the Yuan were quoted in New
If you lived in New York and you discovered that the dollar was quoted in Beijing at Yuan2.60/US$, and the Yuan were quoted in New York at $0.40, what would you do to profit from the situation? (Remember, if you live in New York, you originally own U.S. Dollars.)
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Personal Finance
Authors: E. Thomas Garman, Raymond E. Forgue, Jonathan Fox
14th Edition
0357901495, 9780357901496
