How Can One Profit Through Arbitrage If the Dollar Per

question 33

Multiple Choice

How can one profit through arbitrage if the dollar per euro exchange rate in London is $2 per pound while in New York is $1.95 per pound?

• A)Buy dollars in New York and sell them in London
• B)Buy pounds in London and sell them in New York
• C)Buy pounds in New York and sell them in London
• D)Buy dollars in London and sell pounds in New York

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Definitions:

SMEs

Small and medium-sized enterprises; businesses with personnel numbers falling below certain limits.

Training Methods

Techniques and approaches used to impart knowledge and skills to individuals or groups, with the aim of improving their performance and productivity.

Job Rotation Training

A method of employee development where individuals are moved through a series of jobs to gain a broad understanding of the business and diverse skills.

Job Rotation

A human resource strategy involving the movement of employees through a range of jobs in order to increase interest, motivation, and skills by exposing them to different experiences.