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Suppose you observe the following exchange rates: Bank A: $1.20/ Bank B: $1.80/ Bank C: 1.60/. Starting with $1,000,000, how much money can you make?

  1. Suppose you observe the following exchange rates:

Bank A: $1.20/

Bank B: $1.80/

Bank C: 1.60/.

Starting with $1,000,000, how much money can you make?

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