All of the following are necessary for arbitrage to take place EXCEPT
A) no transactions costs.
B) no sales or transfer taxes.
C) the means to execute trades quickly.
D) a willingness to undertake a substantial net investment.
E) different prices in different locations.
D
Business
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The amount of net income is transferred from ________ to ________
A) the income statement; the statement of retained earnings B) the balance sheet; the statement of cash flows C) the balance sheet; the income statement D) the income statement; the statement of expenditures
Business
If the principal is unidentified, the agent cannot be liable on a contract
Indicate whether the statement is true or false
Business