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diamong [38]
2 years ago
12

National Bank quotes the following for the British pound and the New Zealand dollar:

Business
1 answer:
pav-90 [236]2 years ago
4 0

Answer:

E) None of the above

Explanation:

Calculation to determine What is your profit from implementing this strategy

Profit={[($10,000/$1.62)*$2.95]*$.55}-$10,000

Profit =[( £6,172.84 *2.95) *$.55]-$10,000

Profit=( NZ$18,209.88 x $.55)-$10,000

Profit = $10,015.43-$10,000

Profit=$15.43

Therefore your profit from implementing this strategy is $15.43

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Answer:

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