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Calculate the US Dollar Profit, If Any, on a Three-Point

Question 4

Multiple Choice

Calculate the US dollar profit, if any, on a three-point arbitrage. You are given the following exchange rate quotes in Sydney: Calculate the US dollar profit, if any, on a three-point arbitrage. You are given the following exchange rate quotes in Sydney:   A)  USD0.2320 for every 1 USD invested B)  USD0.0043 for every 1 USD invested C)  USD1.0043 for every 1 USD invested D)  Nil


A) USD0.2320 for every 1 USD invested
B) USD0.0043 for every 1 USD invested
C) USD1.0043 for every 1 USD invested
D) Nil

Correct Answer:

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