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please help!! If you observe the following FX quotations: . EUR/USD = 8783 USD/GBP - 1.4520 EUR/GBP = 1.2578 - How would you arbitrage if

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If you observe the following FX quotations: . EUR/USD = 8783 USD/GBP - 1.4520 EUR/GBP = 1.2578 - How would you arbitrage if you have $100,000? Sell USD for EUR at EUR/USD - 8783; sell EUR for GBP at EUR/GBP - 1.2578; sell GBP for USD at USD/GBP 1.4520 Buy GBP with USD at USD/GBP = 1.4520, buy EUR with GBP at EUR/GBP 1.2578 Sell USD for GBP at USD/GBP = 1.4520; sell GBP for EUR at EUR/GBP -1.2578; sell EUR for USD at EUR/USD = .8783 Buy EUR with USD at EUR/USD - 8783; buy GBP with EUR at EUR/GBP = 1.2578 Which of the following is the largest financial market in the world? The stock market The government bond market The foreign exchange market The corporate bond market Which of the following statements regarding the spot market for foreign exchange is NOT correct? The settlement usually takes one or two business days. It is the market for almost immediate exchange of currencies. It is an over-the-counter market. Traders meet in an organized market such as a trading exchange to transact

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