Assume You Can Exchange $1 for ¥119

question 18

Multiple Choice

Assume you can exchange $1 for ¥119.39 or €.7989 in New York.In Tokyo,the exchange rate is ¥1 = €.0068.If you have $1,200,how much profit can you earn using triangle arbitrage?

• A)$18.08
• B)$18.27
• C)$19.45
• D)$20.11
• E)$23.14

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Definitions:

Moods

Temporary states of mind or feelings that influence individuals' outlooks or behaviors.

Triggering Event

An occurrence or situation that initiates a specific reaction or sets a process in motion, often leading to significant changes or actions.

Second-Hand Smoke

The smoke from a burning cigarette or exhaled by a smoker, which can be inhaled by individuals nearby, posing health risks.

Guilt

An emotional state that occurs when a person believes or realizes they have violated a moral standard or caused harm.