Mr.Abdullah specializes on Arbitrage trading. He has got the following quotes regarding 3 currencies
GBP 0.739541 / USD
AUD 1.3081 / USD
GBP 0.563789 / AUD
Now he wants to use USD 1000000 and make a profit.
Answer the following questions based on the data given above.
After converting from USD to GBP and from GBP to AUD, How much will he get in converting AUD to USD in the above process?
1715879
1002777.804
739541
All the options are wrong
After converting from USD to GBP, How much will he get in converting GBP to AUD?
739541
1002777.804
416945
None
1311733.645
How much will he get in converting USD 1000000 to GBP?
1311733.645
1002777.804
None
739541
1352190
Which cross rate should he calculate and compare with actual quotes to make sure that he will get profit
GBP/AUD
USD/AUD
AUD/USD
None
Step by stepSolved in 2 steps
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