Your broker gives you the following rates for AUD JPY and CAD: AUDO.007/JPY, AUDO.995/CAD, and...
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Your broker gives you the following rates for AUD JPY and CAD: AUDO.007/JPY, AUDO.995/CAD, and JPY118/CAD. Which of the following is UNLIKELY to occur if the market reverses back to its equilibrium state (in which there are no triangular arbitrage opportunities)? Select one: a. The AUD/CAD will decrease. b. The AUD/JPY will decrease. C. The JPY/CAD will increase. d. Nothing will change
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