Can you get rich if exchange rates are equal?

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Can you get rich if exchange rates are equal?

Suppose you wake up one morning facing the following exchange rates:

$1 = ¥100

€1 = $2

¥1 = €0.005

2006-10-27 02:56:14 · 2 answers · asked by phishingforwhatever 1 in Business & Finance ➔ Other - Business & Finance

2 answers

$0.01=1Y=.005E
$1=100Y=0.5E
$2=200Y=1E

2006-10-27 03:04:58 · answer #1 · answered by spineminus2 3 · 0⤊ 0⤋

Yes you can get rich if you are not dealing in money laundering. there are other businesses that has nothing to do with exchange rates which can still make you rich. Try farming, you can feed those who are hungary and get paid.

2006-10-27 10:39:15 · answer #2 · answered by Nnamsco 3 · 0⤊ 0⤋