Question
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...Solution
Convert €100 to $150 (1.5*100) to DKK 750 (150*5) and back to €107.14 (750/7).
Lezim is a folk dance form of which state?
Which of the following companies won the 'Road Freight Service Provider' award in the LEAPS 2024 Awards?
What is the purpose of the 'One Nation, One Student ID' initiative introduced by the central government?Â
What is the name of the card recently launched by the State Bank of India to facilitate seamless and convenient customer commuting, allowing digital tic...
Who has written the novel ‘Ajay to Yogi Adityanath’?
How many new countries have been invited by BRICS to join the group?
The Ministry of Mines has recently launched the ‘Scheme for Partial Reimbursement of Exploration Expenses for Holders of Exploration Licences (EL)’....
Which countries recently commenced their first trilateral multi-domain exercise named ‘Freedom Edge’?
Recently in which of the following parks, the captive – bred pygmy hogs were released?
On which date was NSDL Payments Bank included in the Second Schedule of the RBI Act, 1934?
