Examlex
NAFTA is an example of which of the following levels of regional integration?
Foreign Currencies
Money or other forms of payment used in other countries, distinct from the domestic currency of the home country.
Arbitrage
The practice of taking advantage of price differences in different markets for the same asset, thus earning a profit without any risk.
Triangle Arbitrage
Triangle arbitrage is a risk-free trading strategy that takes advantage of price differences among three currencies in the foreign exchange market.
Exchange Rate
The value at which one form of currency can be swapped for another, impacting overseas trade and investment activities.
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