Assume That in New York, You Can Exchange $1 for €0.89

question 17

Multiple Choice

Assume that in New York, you can exchange $1 for €0.89 or £.0.6391 In Berlin, £1 costs €1.16.How much profit can you earn on $1,000 using triangle arbitrage?

• A)$912.81
• B)$138.56
• C)$.200.50
• D)$317.75
• E)$187.47

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Definitions:

Insomnia Disorder

A chronic condition characterized by difficulty falling or staying asleep, which impacts daily functioning.

Epigenetics

Research on the influence of gene expression changes, as opposed to genetic code alterations, in the development of organisms.

Psychological Disorder

A pattern of behavioral or psychological symptoms that impact multiple areas of life and create distress for the person affected.

Environmental Influences

Factors in one's surroundings that impact their development, behavior, and lifestyle.