Assume $1 = C$1

question 91

Multiple Choice

Assume $1 = C$1.1098 and $1 = £.6018. Also assume you can buy £55 for C$100. How much profit can you earn using triangle arbitrage if you start out with $100?

• A) $.78
• B) $1.04
• C) $1.43
• D) $1.56
• E) $1.54

---

Definitions:

Revenue

The total income generated by a firm from its business activities, typically from the sale of goods and services to customers, before any expenses are deducted.

Price Elasticity of Demand

A metric showing the sensitivity of demand for an item to its price alterations.

Pottery Show

An event or exhibition where ceramic wares and potteries are displayed and often available for purchase.

Absolute Necessary

A term that could imply something that is essential without any exceptions.