Assume You Can Exchange $1 for Either £1

question 29

Multiple Choice

Assume you can exchange $1 for either £1.0 or €0.50 in the U.S.In the London market,you can exchange £1 for €0.52.This situation creates an opportunity to profit immediately from which one of the following?

• A)Futures arbitrage
• B)Currency hedge
• C)Interest rate swap
• D)Absolute purchasing power parity
• E)Triangle arbitrage

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The vast bodies of saltwater that cover approximately 71% of the Earth's surface, comprising the five major oceans.

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Financial penalties imposed by governmental agencies as punishment for violations of legal requirements or regulations.

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Rules established by environmental agencies that govern the handling, storage, treatment, and disposal of wastes that pose substantial or potential threats to public health or the environment.