Assume You Have £100 and Can Exchange Can$180 for £100

question 6

Multiple Choice

Assume you have £100 and can exchange Can$180 for £100.Also assume you can exchange $1 for Can$1.1417 and £1 for $1.5649.How much arbitrage profit in pounds can you earn? Ignore transaction costs.

• A)£)75
• B)£ 1.09
• C)£ 2.02
• D)£1.96
• E)£)83

---

Definitions:

Personal Characteristics

Traits or qualities that define an individual's personality, behavior, and appearance, which can influence their performance and interactions in various settings.

True Caring

The genuine concern and empathy a salesperson shows for their customers' needs and problems, aiming to build trust and relationships.

Financial Rewards

Monetary benefits received as compensation or incentive for achieving specific goals or performances.

Solely Based

Being solely based refers to something that is completely or exclusively grounded on one particular aspect, factor, or source.