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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 5 questions based on the data given above.
How much will he get in converting USD 1000000 to GBP?
a. 1352190
b. 739541
c. 1311733.645
d. 1002777.804
e. None
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?
a. 1002777.804
b. 1715879
c. 1311733.645
d. 739541
e. None
What will be the amount of profit made by him in the above process.?
a. 715879
b. 2777.80
c. 311733
d. 352190
e. None
After converting from USD to GBP, How much will he get in converting GBP to AUD?
a. 416945
b. 1002777.804
c. 1311733.645
d. 739541
e. None
Answer & Explanation
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