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QUESTION
Could an arbitrageur exploit the following situation; in London the quotes are EURUSD 1.49 and EURCAD 1.55 and in New York the quote is CADUSD 0.95.
Could an arbitrageur exploit the following situation; in London the quotes are EURUSD 1.49 and EURCAD 1.55 and in New York the quote is CADUSD 0.95. If so, what is the profit in terms of dollars?
A. $0.023
B. $0.001
C. $0.012
D. $0.000
