​Assume the Bid Rate of a Swiss Franc Is

question 40

Multiple Choice

​Assume the bid rate of a Swiss franc is $.57 while the ask rate is $.579 at Bank X. Assume the bid rate of the Swiss franc is $.560 while the ask rate is $.566 at Bank Y. 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) ​$7,067
• B) ​$8,556
• C) ​$10,114
• D) ​$12,238

---

Definitions:

Life-Threatening

Describing a condition, illness, or situation that has the potential to cause death or serious harm if not addressed immediately.

Naturally Acquired Passive

Immunity obtained passively through the transfer of antibodies from mother to fetus or through breast milk, without direct exposure to pathogens.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to the fetus while removing waste products.

Breast Milk

The milk produced by a human mother's breasts, providing optimal nutrition for infants.