Question: On Line Currency Incorporated is an online currency exchange company that
On-Line Currency, Incorporated is an online currency exchange company that will immediately convert and credit your bank account based on its published rates. Being the smart finance major that you are, you notice that one of the rates published below is incorrect, and you want to take advantage of it. Let’s say that you have $20,000 of next semester’s college funds sitting in your checking account and decide to take advantage of the error by doing a triangular arbitrage. Explain how you would go about doing it by first identifying the mismatched currencypair:
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