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When the Direct Quote and the Cross Quote for Each

question 73

True/False

When the direct quote and the cross quote for each possible pair of currencies are equal, there is no opportunity for three-point arbitrage.


Definitions:

Coronary Heart Disease

The clogging of the vessels that nourish the heart muscle; the leading cause of death in North America.

Stomach Ulcers

Open sores that develop on the inner lining of the stomach, upper small intestine, or esophagus, often resulting from inflammation caused by bacterial infections or excessive acid production.

General Adaptation Syndrome

A model of the body's stress response, comprising three stages: alarm, resistance, and exhaustion.

Exhaustion

A state of extreme physical or mental fatigue, often resulting from stress or extended periods of exertion.

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