Mr. Ali is an exchange broker. He always researched for opportunities of profit through the currencies fluctuations using the strategy Buy low, sell high'. He collected the below quotes: Quote GBP/OMR INR/OMR EUR/OMR AUD/OMR Spot 0.5319 0.0056 0.4581 0.2953 Forward 0.5350 0.0053 0.4518 0.2970 Which currency is more beneficial to invest in? O a. AUD O b. EUR O C INR d. GBP OOOO

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter25: Money, Banking, And The Federal Reserve System
Section: Chapter Questions
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Mr. Ali is an exchange broker. He always researched for opportunities of profit through the currencies fluctuations using the strategy 'Buy low, sell
high'. He collected the below quotes:
Quote
GBP/OMR
INR/OMR
EUR/OMR
AUD/OMR
Spot
0.5319
0.0056
0.4581
0.2953
Forward
0.5350
0.0053
0.4518
0.2970
Which currency is more beneficial to invest in?
O a. AUD
O b. EUR
O c. INR
O d. GBP
Transcribed Image Text:Mr. Ali is an exchange broker. He always researched for opportunities of profit through the currencies fluctuations using the strategy 'Buy low, sell high'. He collected the below quotes: Quote GBP/OMR INR/OMR EUR/OMR AUD/OMR Spot 0.5319 0.0056 0.4581 0.2953 Forward 0.5350 0.0053 0.4518 0.2970 Which currency is more beneficial to invest in? O a. AUD O b. EUR O c. INR O d. GBP
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