If you use a categorical measure, you can calculate an average

The ________ represents a summary statement of a firm's financial position at a given point in time

A) income statement B) balance sheet C) statement of cash flows D) statement of retained earnings

The direct quote in New York is .015 dollar per Pakistani rupee. The direct quote in Pakistan is 60

rupees per dollar. This imbalance in rates can be corrected by arbitrage. A trader will ________ rupees in New York and ________ rupees in Pakistan, causing the direct quote in New York to ________. A) sell; buy; decrease B) buy; sell; increase C) sell; buy; increase D) buy; sell; decrease