The following question are based on the following aggregate supply-aggregate demand diagram:
-The vertical axis shows
Definitions:
Arbitrage Opportunity
A situation where a trader can profit from price differences of the same asset in different markets, buying low in one and selling high in another.
Exchange Rates
The worth of a single currency when converted into another, indicating the comparative value between two currencies.
Profit
The financial gain realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes associated with the activity.
Covered Interest Arbitrage
A strategy that involves converting currency through the spot exchange market, investing in foreign interest bearing securities, and hedging exchange risk through the forward market to earn riskless profit.
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