The act of buying a product at a low price in one market and reselling the product at a higher price in another market is called arbitrage
Indicate whether the statement is true or false
TRUE
Economics
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The German central bank in the European Monetary System, 1979-1998
A) was very inflation-averse. B) was moderately inflation-averse. C) was willing to accept inflation. D) lacked control over inflation since it had fixed its exchange rate. E) lacked sufficient reserves.
Economics
Residential investment did NOT decline in the recession which began in
A) 1973. B) 1981. C) 1990. D) 2001.
Economics