Question

England(L)        $ Norway(K) 11.90 9.35 England(L) 0.79 Currency Quotes Currency  Read it leftover top. Example 11.9 K/L...

England(L)

       $

Norway(K)

11.90

9.35

England(L)

0.79

Currency Quotes Currency  Read it leftover top. Example 11.9 K/L

a. How much money would you make using triangular arbitrage for 1 cycle if you started with

$80 million US dollars?

b. What L/$  rate would stop arbitrage possibilities

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