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TUS The following information shows currency quotes from 3 difference banks 1) Bank A US$1 5400/pound 2) Bank B: EURO 16000/pound 3) Bank US$0.9700/EURO a)

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TUS The following information shows currency quotes from 3 difference banks 1) Bank A US$1 5400/pound 2) Bank B: EURO 16000/pound 3) Bank US$0.9700/EURO a) Can a trader make a profit on these quotes? Why? b) Assume that the trader has 51,000,000 or the equivalent in another currency available for the transaction. What profit can the trader make? (Show steps of your transactions)

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