How an operation is implemented or actually carried out is referred to as ________

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

When a bill is paid, the accountant's personal checking account is reduced for the amount of the payment

Indicate whether this statement is true or false.