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uppose that Savoy Bank and Bastion Bank both act as financial intermediaries in the foreign...

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uppose that Savoy Bank and Bastion Bank both act as financial intermediaries in the foreign exchange market. The quotations for the British pound the two banks are shown in the following table: Suppose that you have $10,000 to use to engage in locational arbitrage. To start, you use $10,000 to purchase Bank (since they have the cheaper price of pounds). (Note: Round your answers to two decimal places.) After purchasing these pounds, you sell them to for a higher price than you originally paid and receive This represents a profit of ( (Note: Round your answers to two decimal places.)

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