Examlex
________ generally refer to hourly compensation paid to operating employees, while ________ generally refers to a yearly amount that is to be paid to an employee.
Triangle Arbitrage
A riskless profit strategy that takes advantage of discrepancies in exchange rates in different markets by conducting a series of conversions among three currencies.
Currency Market
Also known as the foreign exchange market (Forex), it's a decentralized global market where currencies are traded, determining the foreign exchange rates for every currency.
Equilibrium
A state where market supply and demand balance each other, and as a result, prices become stable.
Direct Exchange Rate
The amount of domestic currency required to buy one unit of a foreign currency.
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