Australia and New Zealand refuse to create a regional trading bloc because of their competition with each other.
Indicate whether the statement is true or false
Question 2
Ryan, a foreign-exchange dealer, sold U.S. dollars for Swiss francs in the U.S., then sold Swiss francs for Japanese yen in Switzerland, and then sold the Japanese yen for U.S. dollars in the U.S. Ryan hopes that he will end up with more U.S.
dollars than when he began. Which term best describes Ryan's actions?
A) arbitrage
B) speculation
C) spot transaction
D) outright forward
Question 3
Which of the following is an example of interest arbitrage?
A) investing in debt instruments in different currencies or different countries
B) selling U.S. dollars for Swiss francs, then selling Swiss francs for British pounds, then selling British pounds for U.S. dollars
C) investigating different commercial banks to find the best exchange rate
D) an American investing in a London-based company
Petrolisthes elongatus, the New Zealand half crab
Cairns Birdwing (Ornithoptera euphorion): Australia's largest endemic butterfly
Pacific Black Duck at Austins Ferry, Tasmania, Australia
World Regional Geography
European swimming competition