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Assume That You Can Buy 45 British Pounds with 100

Question 61

Multiple Choice

Assume that you can buy 45 British pounds with 100 Canadian dollars. How much profit can you earn on a triangle arbitrage given the following rates if you start out with 100 U.S. dollars? Assume that you can buy 45 British pounds with 100 Canadian dollars. How much profit can you earn on a triangle arbitrage given the following rates if you start out with 100 U.S. dollars? A) $0.42 B) $0.58 C) $1.13 D) $1.96 E) $2.41


A) $0.42
B) $0.58
C) $1.13
D) $1.96
E) $2.41

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