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Author Question: Australia and New Zealand refuse to create a regional trading bloc because of their competition with ... (Read 75 times)

Diane

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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


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kalskdjl1212

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Diane

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Reply 2 on: Jul 7, 2018
Excellent


nyrave

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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