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All quotes correctly algebraicallyShow all calculations
Bank A quotes the following JPY/EUR 122. Bank B quotas USD / EUR 1.12. Bank C quotes USD / JPY 0.0099.
a) What would Bank A's quota in JPY/EUR need to be so that there is no possibility of a arbitrage?
b) Make an arbitrage/profit by doing business with these 3 banks.
1. go to www.cnbc.com and explore the videos link by searching key terms like euro and european union. comment on at
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