Which of the following best describes arbitrage?
A) using foreign exchange to fund new foreign direct investments
B) purchasing foreign currency in anticipation of long-term trends
C) using foreign-exchange instruments to speculate for profit
D) purchasing foreign currency on one market for immediate resale on another market
D
Business
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The following is not a test for a fixture:
a. adaptability. b. agreement. c. cost of the item. d. intention.
Business
In which strategy does a retailer adjust its self-space allocations to respond to customer and other differences among local markets?
a. micromerchandising b. concentrated marketing c. cross-merchandising d. niche marketing
Business