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In New York, you can exchange $1 for 0.8877 or 0.6536. Suppose that, in Berlin, 1 costs 1.1501. How much profit can you earn on
In New York, you can exchange $1 for 0.8877 or 0.6536. Suppose that, in Berlin, 1 costs 1.1501. How much profit can you earn on $39,031 using triangle arbitrage?
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Microeconomics: An Intuitive Approach With Calculus
Authors: Thomas Nechyba
2nd Edition
1305650468, 978-1305650466
