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Why are quoted spot rates very similar across all banks

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Reference no: EM132970876

Subject: International Finance

1. Why are quoted spot rates very similar across all banks?

2. Why don't arbitrage opportunities exist for long periods of time?

3. Present a scenario and ask whether any type of international arbitrage is possible. If so, how would it be executed and how would market forces be affected?

Reference no: EM132970876

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