Assume the Bid Rate of an Australian Dollar Is

question 4

Multiple Choice

Assume the bid rate of an Australian dollar is $.60 while the ask rate is $.61 at Bank Q. Assume the bid rate of an Australian dollar is $.62 while the ask rate is $.625 at Bank V. Given this information, what would be your gain if you use $1,000,000 and execute locational arbitrage? That is, how much will you end up with over and above the $1,000,000 you started with?​

• A) ​$10,003
• B) ​$12,063
• C) ​$14,441
• D) ​$16,393
• E) ​$18,219

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Definitions:

Diagnosis Classifications

Systems for categorizing and organizing diseases and health conditions based on their symptoms, causes, and characteristics for diagnosis and research purposes.

Patient Morbidity

Refers to the incidence of disease, illness, injury, or other physical or mental impairment within a patient population.

Mortality Statistics

Data related to the frequency, causes, and distribution of deaths in a population.

Secondary Diagnosis

Diagnosis other than the primary diagnosis for other conditions that are also affecting the patient at the time of the visit.