The current direct quote in new york is 01075 dollars per


The current direct quote in New York is .01075 dollars per yen. Suppose the current direct quote in Tokyo is 91 yen per dollar. What is the appropriate quote in New York? What will arbitrageurs do to eliminate the differential rates in these markets?

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Finance Basics: The current direct quote in new york is 01075 dollars per
Reference No:- TGS0628860

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