Question
Name of the Bank Ask Rate Bid Rate Bank A $.305 $.300 Bank B $.306 $.307 Two banks have the ask and bid rate quotation
| Name of the Bank | Ask Rate | Bid Rate |
| Bank A | $.305 | $.300 |
| Bank B | $.306 | $.307 |
Two banks have the ask and bid rate quotation given as per chart above. Calculate the Dollar profit as well as rate of return in percentage for an MNC that has $500,000 to invest in a locational arbitrage
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Towards A Socioanalysis Of Money Finance And Capitalism Beneath The Surface Of The Financial Industry
Authors: Susan Long , Burkard Sievers
1st Edition
041571060X,1136666672
