Arbitrage Is the Process of Buying a Currency High and Selling

question 72

True/False

Arbitrage is the process of buying a currency high and selling it low.

---

Definitions:

Four-Figure Accuracy

Refers to the level of precision in a numerical value, rounded to four significant digits.

Repeating Decimal

A decimal in which one or more digits after the decimal point are repeated infinitely.

Percent Equivalent

A value expressed as a percentage that represents the proportion or ratio of two numbers in relation to each other.

Four-Figure Accuracy

A level of precision in numerical computation where the result is rounded to four significant digits.