Suppose the following bilateral spot exchange rates are being quoted for the Danish krone (DKK), the US dollar (US$) and the euro (€):
US$/€ = 1.5
DKK/€ = 7.0
DKK/$ = 5.0
If you start with 100€, the most you could end up with in a single round of triangular arbitrage would be...
Convert €100 to $150 (1.5*100) to DKK 750 (150*5) and back to €107.14 (750/7).
Which of the following institutes has won the ‘Spirit of Mylapore Award’?
In which year were two additional Election Commissioners appointed to the Election Commission of India?
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What was the name of the rocket used to launch Chandrayaan-3?
In May 2021, N Rangaswamy became CM of Puducherry. He became the CM of Puducherry for the ____ time.
Which state was honored with the first prize in the Best State category at the National Water Awards 2022 for its exceptional dedication and innovative ...