On 5 January, the JPY USD is 81 26 and CAD JPY is 0 0124 (a) You are a Japanese citizen Which one from the above is direct quote Which one is indirect quote (2 marks) (b) What is the cross rate of CAD USD (2 marks) (c) Suppose HSBC quotes CAD USD 0 93 Is arbitrage possible (1 mark) If so, state cl...

Currency Quotes and Arbitrage a Direct and Indirect Quotes JPYUSD 8126 This is a direct quote It mea ...

On 5 January, the JPY/USD is 81.26 and CAD/JPY is 0.0124. (a) You are a Japanese...

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On 5 January, the JPY/USD is 81.26 and CAD/JPY is 0.0124. (a) You are a Japanese...

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