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 £ 0.5321 £ for € 1.5049 € for $ 1.3866 £ for $ 1.8793 € for £ 1.0945 Which corresponding rates do not match? (Select the best response.) A. "€ for $" and "$ for €" rates. B. "£ for €" and "€ for £" rates. OC. "$ for £" and "£ for $" rates. $ for € 0.7212 Which corresponding rates do not match? If you have $1,000, how much would you make on one pass through the currencies if you went the wrong way for the arbitrage? If you have $1,000, 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.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Question
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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 £
0.5321
£ for €
1.5049
A.
€ for $
1.3866
Which corresponding rates do not match? (Select the best response.)
"€ for $" and "$ for €" rates.
B.
"£ for €" and "€ for £" rates.
OC. "$ for £" and "£ for $" rates.
£ for $
1.8793
Which corresponding rates do not match? If you have $1,000, how much would you make on one pass through the currencies if you went the wrong way for
the arbitrage?
€ for £
1.0945
$ for €
0.7212
If you have $1,000, 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.)
Transcribed Image Text: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 £ 0.5321 £ for € 1.5049 A. € for $ 1.3866 Which corresponding rates do not match? (Select the best response.) "€ for $" and "$ for €" rates. B. "£ for €" and "€ for £" rates. OC. "$ for £" and "£ for $" rates. £ for $ 1.8793 Which corresponding rates do not match? If you have $1,000, how much would you make on one pass through the currencies if you went the wrong way for the arbitrage? € for £ 1.0945 $ for € 0.7212 If you have $1,000, 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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