$1$a$)$ The Canadian dollar to U$.$S$.$ dollar exchange rate is $1\mathrm{.}36,$ and the British pound to U$.$S$.$ dollar exchange rate is $0\mathrm{.}62.$ If you find that the British pounds to Canadian dollar were trading at $0\mathrm{.}49,$ what would you do to earn a riskless profit? $(7$ marks$)$

Assuming that the Canadian dollar is valued less than US and the British pound and the British pound values more than the US dollar then to earn a riskless profit

Exchange US to Canadian dollar, then Exchange Canadian dollar to British pound, then exchange that British pound to US