The Canadian dollar is at 479,731 Serbian dinars in the city of Belgrade, Serbia. At the...
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The Canadian dollar is at 479,731 Serbian dinars in the city of Belgrade, Serbia. At the same time, the euro is offered at 4128,508 Serbian dinars in Berlin,
Germany. In the west, the Canadian mountain city Banff offers the euro at $1,672 Canadian dollars.
What would be the profit using a proper arbitrage strategy for a trader starting with 41,000,000 Serbian Dinars.
Answer rating: 100% (QA)
To determine if there is an arbitrage opportunity you need to calculate the profit that can be madeView the full answer