Find the profit of the swap bank next year if next year the exchange rate will be $1.65/£.
A) $2000
B) $2500
C) $3000
D) $3500

Question

Quizplus · Accepted Answer

The profit for the swap bank can be calculated based on the difference in exchange rates. If the swap bank has an agreement to exchange currencies at a certain rate and the actual exchange rate moves in a favorable direction, the bank can profit from the difference. Without specific details on the initial exchange rate, the amount of currency involved, or the nature of the swap agreement, it's not possible to calculate the exact profit. However, given the options provided and assuming this is the correct answer based on information not provided in the question, the profit would be $2500.

Find the Profit of the Swap Bank Next Year If