Assume the Bid Rate of a Swiss Franc Is

question 33

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.

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