Assume That the Yen/dollar Exchange Rate Quoted in London at 3

question 18

Multiple Choice

Assume that the yen/dollar exchange rate quoted in London at 3 p.m.is $\times$ 120 = $1,and that the New York yen/dollar exchange rate at the same time is $\times$ 123 = $1.Which profit making situation exists here?

• A)Option
• B)Straddle
• C)Swap
• D)Arbitrage

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Definitions:

Ambulating

The act of walking or moving around, often used in medical contexts to refer to a patient's ability to walk independently.

Deep Vein Thrombosis

A medical condition where a blood clot forms in a deep vein, commonly in the legs, which can lead to serious complications if untreated.

Homans' Sign

A clinical sign for deep vein thrombosis, where pain in the calf is elicited when the foot is dorsiflexed with the knee straight.

Edema

The accumulation of fluid in body tissues, leading to swelling.