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You are a retail investor. Opening Bloomberg, you observe the following quotes: AUD/USD = 0.6785 89 AUD/EUR = 0.6128 31 Assuming no arbitrage opportunities exist,
You are a retail investor. Opening Bloomberg, you observe the following quotes:
AUD/USD = 0.6785 89
AUD/EUR = 0.6128 31
Assuming no arbitrage opportunities exist, how many Euros would you get by selling $10,000?
A) It cannot be inferred from the available information
B) 9,036.11
C) 11,078.65
D) 9,026.37
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