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What the locational arbitrage that can be made is starting

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Reference no: EM132944411

The following quotes are given between NZD and US$

Bank A US$/NZD 0.635 - 0.640

Bank B US$/NZD 0.645 - 0.650

Problem 1: The locational arbitrage that can be made is starting with NZD 8000 is:

Select one:

a. NZD 120

b. US$ 40

c. US$120

d. NZD 40

Reference no: EM132944411

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