In New York, you can exchange $1 for €0.8569 or £0.6727
Subject: Business / Finance
Question
In New York, you can exchange $1 for €0.8569 or £0.6727. Suppose that, in Berlin, £1 costs €1.2573. How much profit can you earn on $47,485 using triangle arbitrage?
The exchange rate is 1.1033 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 2,508 Swiss francs?
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