An attempt to profit by converting dollars to yen, yen to euros, and euros back to dollars would be an example of
A) arbitrage.
B) speculation.
C) hedging.
D) intervention.
Answer: A
You might also like to view...
Alpha Partnership is on a fiscal year ending March 31. Partner Alf reports income on the fiscal year ending March 31, and Partner Omega reports income on the fiscal year ending September 30. Both partners have a 50% interest in partnership profits. Assuming the partnership does not make a Sec. 444 election and does not establish a business purpose for a different period, what tax year must the partnership use to file its tax return?
A. March 31. B. Any month end. C. December 31. D. September 30.
One approach to reducing project length would be to:
A) Convert parallel paths to be serial. B) Convert merge activities to burst activities. C) Use hammock activities in place of multiple activities. D) Eliminate tasks on the critical path.