Question
You have $45,000 and observe the following exchange rates: Exchange rate Bid Ask Value of yen in US dollars $0.0096 $0.0097 Value of Canadian dollar
You have $45,000 and observe the following exchange rates:
Exchange rate Bid Ask
Value of yen in US dollars $0.0096 $0.0097
Value of Canadian dollar in US dollars $0.76 $0.77
Value of yen in Canadian dollars. CS0.0132 CS0.0134
What is your profit from exploiting the opportunity once (in $)? A) $1,540.21
B) $1,237.14
C) $243.29
D) 540.21
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Trading For Beginners 25 Secrets To Trade For A Living
Authors: Mark Bresett
1st Edition
1521327742, 978-1521327746
