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If the Prices Differed in London and New York and a Dealer

question 71

Multiple Choice

If the prices differed in London and New York and a dealer spent $1 million to purchase ¥125 million, then sold that ¥125 immediately for $1.046666 million, the trader would earn a profit of $46,666 on the transaction.This is accomplished through


Definitions:

Fill Orders

The process of completing customer requests for goods by preparing and dispatching products.

Manufacturing Cycle Efficiency

A measure of the efficiency of the production process, calculated as the value-added time divided by the total throughput time.

Fill Orders

The process of completing a customer's purchase request by preparing and dispatching the requested goods.

Throughput Time

The total time taken to produce and deliver a product, including all processing, inspection, setup, and wait times.

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