Assume there are the following exchange rates in the international market: New york: GBP/USD = 1.5809

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Assume there are the following exchange rates in the international market:
New york: GBP/USD = 1.5809 – 39
Frankfurt: USD/EUR = 0.9419 - 87
London: GBP/EUR = 1.4621 – 71
If you have 1 million US dollars, how will you make a profit?

Related Book For answer-question

Core Macroeconomics

ISBN: 978-1464191435

3rd edition

Authors: Eric Chiang

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Posted Date: Mar 29, 2023 07:03 AM

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Assume there are the following exchange rates in the international market: New york: GBP/USD = 1.5809

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To make a profit in the international market using the given exchange rates we need to find a curren... View the full answer

Core Macroeconomics

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