The following exchange rates are available to you to buy or sell.

$\backslash$table$[[$Mt$.$ Fuji Bank,JPY$120\mathrm{.}00/$USD$],[$Mt$.$ Rushmore Bank,CHF$1\mathrm{.}6000/$USD$],[$Mt$.$ Blanc Bank,JPY$80\mathrm{.}00/$CHF$]]$

Assume you have an initial amount of CHF$10,000,000.$ Given the rates above, there

a possibility to make a gain via triangular arbitrage

because the implied cross rate i and the quoted rate is

$.$ To do so$,$ you should follow these steps:

Sel and buy at choose your answer... from Mt$.$ Blanc Bank.

Sell chooseyour answer... and buy choose your answer... at choose your answer... from Mt$.$ Fuji Bank.

Sell and buy at from Mt$.$ Rushmore Bank.

Consequently, the

would be