Suppose £1 is trading for $2.00 in New York City and $1.80 in London. A foreign exchange trader could take $1.80 and buy £1 in London's financial exchange market and then sell it for $2.00 in New York's financial exchange market
What is this an example of?
A) two-point arbitrage
B) three-point arbitrage
C) covered interest
D) arbitrage of goods
A
Business
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A) tribal totalitarianism B) right-wing totalitarianism C) left-wing totalitarianism D) civil totalitarianism
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Institutional investors manage money for businesses and nonprofit organizations, but not for individuals
Indicate whether the statement is true or false.
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