Assume You Can Exchange $1 for ¥110

question 50

Multiple Choice

Assume you can exchange $1 for ¥110.23 or €0.86 in New York.In Tokyo, the exchange rate is ¥1 = €0.009.If you have $900, how much profit can you earn using triangle arbitrage?

• A)$130.58
• B)$127.56
• C)$138.21
• D)$129.87
• E)$135.88

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Definitions:

Abnormal Cell Behavior

Cellular activities that deviate from the normal, often indicating diseases such as cancer.

Solid Tumor

A mass of tissue that arises from the accumulation of abnormal cells that can be malignant (cancerous) or benign (non-cancerous).

Benign Tumors

Non-cancerous growths in the body that are usually not harmful and do not spread to other parts of the body.

Menstruate

The process where the uterus sheds its lining, resulting in menstrual blood flow through the vagina, a natural part of the female reproductive cycle.