Is there an opportunity to make an arbitrage profit

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Reference no: EM131213436

You are a foreign exchange trader and you receive the following two quotes for spot trading:

• Bank A is willing to trade at $1.50 per Swiss franc.
• Bank B is willing to trade at 0.50 Swiss franc per dollar.

Is there an opportunity to make an arbitrage profit? If there is, explain what you will do.

Reference no: EM131213436

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