Given Three Hypothetical Exchange Rates $\le$ /$ = 06 $\times$ /$ = 09 And Hypothetical

question 66

Multiple Choice

Given three hypothetical exchange rates: $\le$ /$ = 0.6, $\times$ /$ = 0.9 and $\times$ / $\le$ = 1.6, what is the arbitrage profit assuming you have $100?

• A) $10.00
• B) $3.33
• C) $5.00
• D) $6.67
• E) No arbitrage is possible

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Definitions:

Goal-Setting Theory

A psychological theory suggesting that setting specific, challenging, and attainable goals can lead to higher performance.

Task Goals

Specific objectives or targets related to the successful completion of a job or task.

Increase Work Efforts

An initiative or practice to enhance the quantity and quality of energy, time, and resources employees allocate to their job roles and responsibilities.

Increase Compensation

The act of raising the salary or overall remuneration package of employees to meet market standards, reward performance, or address inflation.