Business
Business, 27.04.2021 16:20, keykey5349

Suppose you trade dollars and euros for a bank that has branches in Los Angeles and Frankfurt. You can electronically transfer the funds between the two branch locations at no cost, and trading commissions are negligible. The current dollar-per-euro exchange rate in Los Angeles is E$/EURLA=1.5653 , while in Frankfurt, it is E$/EURFR=1.586. You can make a profit for the bank if you buy euros in and sell them in .

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Suppose you trade dollars and euros for a bank that has branches in Los Angeles and Frankfurt. You c...

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