Examlex
Assume that the yen/dollar exchange rate quoted in Tokyo at 3:00 p.m. is ×120 = $1, and the yen/dollar exchange rate quoted in New York at the same time is ×123 = $1. A dealer in New York uses dollars to purchase yen and then immediately sells the yen to buy dollars in Tokyo, thereby making a profit. The dealer has engaged in a(n) _____.
Lemonade Stand
A small, informal business, often run by children, that sells lemonade or similar beverages, typically from a roadside stand.
X-men Comic
A popular series of American comic books published by Marvel Comics, featuring a team of superheroes called the X-Men who are mutants with special powers.
One-time Payment
A single transaction involving a transfer of funds that is not expected to be repeated, often used for specific purchases or settlements.
High Achievers
Individuals who consistently perform at a high level and achieve significant success in their field or activities.
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