Question
Triangular arbitrage. Great Exchanges, Inc. is a currency exchange company located at most international airports. Today, a clerk has made a mistake on one of
Triangular arbitrage.Great Exchanges, Inc. is a currency exchange company located at most international airports. Today, a clerk has made a mistake on one of the currency exchanges and has posted the following rates:
$ for pound | pound for euro | euro for $ | pound for $ | euro for pound | $ for euro | |
0.5325 | 1.4062 | 1.2056 | 1.8779 | 1.0911 | 0.8295 |
Which corresponding rates do not match? If you have $10,000, how much would you make on one pass through the currencies if you went the wrong way for the arbitrage?
Which corresponding rates do not match?(Select the best response.)
A. " for $" and "$ for " rates.
B. " for " and " for " rates.
C. "$ for " and " for $" rates.
If you have $10,000, how much would you make on one pass through the currencies if you went the wrong way for the arbitrage? Enter a positive number for a profit and a negative number for a loss.
$(Round to the nearest cent.)
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