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(Table 1: Exchange Rates) Table 1, Exchange Rates, Provides Three

question 48

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(Table 1: Exchange Rates) Table 1, Exchange Rates, provides three exchange rates for currencies of three countries. Use these rates to determine what would happen if someone attempted arbitrage with $100.  Table 1: Exchange Rates 1 euro =110 yen $1=94 yen $1=.86 euro \begin{array}{|c|}\hline\text { Table 1: Exchange Rates } \\\hline 1 \text { euro }=110 \text { yen } \quad \mid \$ 1=94 \text { yen } \quad \mid \$ 1=.86 \text { euro }\\\hline\end{array}


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