Exercise 3: Assume you have the following quotes, calculate how a market trader at Citibank with USD 1,000,000 can make a profit from arbitrage. Banks Citibank National Westminster Deutschebank Spot rates USD 1.1188/GBP EUR 1.1461/GBP USD 0.9762/EUR

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A: Solution:Arbitrage means earning a profit without risk and without investment.

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Q: Help

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Q: Bhuptbhai

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