Use the following information to answer questions 13-14.
Assume that the following exchange rates exist.

-Suppose that you are an arbitrageur that starts with $100 in New York.Which of the following paths is correct in order to make arbitrage profit?
A) Buy pound in New York → sell pound for SFr in New York → sell SFr for dollar in New York.
B) Buy SFr in New York → sell SFr for pound in New York → sell pound for dollar in New York.
C) Buy SFr in New York → sell SFr for pound in Geneva → sell pound for dollar in New York.
D) Buy pound in New York → sell pound for SFr in London → sell SFr for dollar in New York.
Correct Answer:
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