A trader from AAA bank tries to make money and notices that Credit Suisse is offering 1.0079 Swiss franc for each US dollar, another banks is quoting 0.4978 euros for each Swiss franc and LocalBank is quoting 0.7619 euros for each US dollar. Assume she starts with $1,000,000. How much money she can make?

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To calculate the profit a trader can make starting with 1000000 based on the given exchange ... View the full answer