(1)use dm 1.45 to buy$1 in new york and sell$1 in frankfurt,get dm 1.46.you get dm 0.01. (2) fixed buy £ with your$1,000,000,hold £500,000 for 1 year period and get interst £(500,000*16%)=80,000,then buy back$with all your £580,000,you get$1,160,000. however if you hold ... 20210311