When parity conditions are not in effect in currency and money markets, traders could make extraordinary profits from a practice known as ________
A) covered interest rate parity
B) covered interest rate arbitrage
C) triangular arbitrage
D) forward market arbitrage
Answer: B
Business
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The Jensens have a stable monthly income of $5,000 and they're applying for a 90% conventional loan. Their monthly housing expenses probably should not exceed:
A. $1,300 B. $1,400 C. $1,800 D. $1,900
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The primary objective of the finance manager is to maximize the market value of equity of the company
Indicate whether the statement is true or false.
Business