________ Is Profitable Whenever the Cost of Buying a Currency

question 34

Multiple Choice

________ is profitable whenever the cost of buying a currency directly differs from the cross rate of exchange.

• A) Two-point arbitrage
• B) Three-point arbitrage
• C) Covered interest
• D) Arbitrage of goods

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Definitions:

Unconditioned Stimulus

In the process of classical conditioning, a stimulus instinctively and effortlessly elicits a reaction without the need for any previous learning.

Reliable Indicator

A metric or sign that consistently and accurately measures or predicts a specific outcome or condition.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, now elicits a response.

Bumblebee

A large, hairy, social insect known for its ability to gather nectar and pollinate plants.