Question
In New York, you can exchange $1 for 0.7778 or 0.6619. Suppose that, in Berlin, 1 pound costs 1,151. How much profit can you make
In New York, you can exchange $1 for €0.7778 or £0.6619. Suppose that, in Berlin, 1 pound costs €1,151.
How much profit can you make on $17,120 using triangle arbitrage?
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In New York exchange we purchase Euro against the dollor we have 171...
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
