Homework Answers
1$=110 Yen
1Pound =200 Yen
200 Yen =(200/110)dollars=1.818182 Dollars
1Pound=1.818182 Dollars
1 Dollar=1/1.818182=0.55 Pound
Credit Lyonnais rate : 1Dollar=0.65 Pound
Hence , there is opportunity of making money
STEP1
Convert $11000 to Pound through Credit Lyonnais
Amount received after conversion =0.65*11000=7150 Pounds
STEP 2
Convert Pounds to Yen through Credit Agricole
Amount Received=7150*200=1430000 Yen
STEP 3
Convert Yen back to dollar through Barclays
Amount to be received=1430000/110=$13,000
Profit =$13000-$11000=$2,000
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