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

• A)arbitrage
• B)skimming
• C)FDI.
• D)pre exchange agreements
• E)buying low and selling high

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Definitions:

Interviews

Structured or semi-structured conversations used as a method to gather information, assess qualifications, and evaluate candidates or subjects.

Observation

A method of gathering data or gaining insight by meticulously watching and noting the occurrences or behaviors in a particular setting.

Team Task Analysis

A systematic evaluation of the tasks performed by a team, aimed at understanding the requirements, processes, and goals to optimize team performance and efficiency.

Traditional Task Analysis

A method for studying the tasks necessary for job performance, often used in designing training or improving efficiency.