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Author Question: A security is considered liquid if it can be sold, regardless of the time it takes to make the sale. ... (Read 24 times)

bobbie

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on: Jul 10, 2018
A security is considered liquid if it can be sold, regardless of the time it takes to make the sale.
 
  Indicate whether the statement is true or false

Question 2

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


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bimper21

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Reply #1 on: Jul 10, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


bobbie

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Reply #2 on: Jul 10, 2018
Thank you


bimper21

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Reply #3 on: Jul 10, 2018
No problemo


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