You have the following three quotes from three different banks. If you have USD1,000, how much can

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You have the following three quotes from three different banks. If you have USD1,000, how much can you make from this arbitrage opportunity? MXN = Mexican Peso; INR = Indian Rupee.

• Bank X: MXN 17.50/USD.
• Bank Y: INR 85.50/USD.
• Bank Z: MXN 0.18/INR

Related Book For answer-question

International Economics Theory and Policy

ISBN: 978-0134519579

11th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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Posted Date: Nov 02, 2023 03:19 AM

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You have the following three quotes from three different banks. If you have USD1,000, how much can

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International Economics Theory and Policy

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