Assume That the Yen/dollar Exchange Rate Quoted in London at 3:00

question 57

Multiple Choice

Assume that the yen/dollar exchange rate quoted in London at 3:00 p.m.is *120 = $1,and the New York yen/dollar exchange rate at the same time is *125 = $1.A dealer makes a profit by buying a currency low and selling it high.The dealer has engaged in a(n) :

• A)currency swap.
• B)arbitrage.
• C)backwardation.
• D)straddle.

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The active process of creating meaningful interpretations and understandings of experience through integrating new information with existing knowledge.

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The process by which memories become stable in the brain, transitioning from a short-term to a long-term state.