When a Person Simultaneously Buys Currency at a Less Expensive

question 46

Multiple Choice

When a person simultaneously buys currency at a less expensive location and sells that same currency at a more expensive location,the transaction is known as:

• A)locational arbitrage.
• B)hedging.
• C)a currency swap.
• D)a currency conversion.

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Definitions:

Fixture

An item that was once movable personal property but has been attached to, and becomes part of, the real estate.

Physical Attachment

The process of affixing or connecting an object to another, often in a manner that requires physical force or means.

Injury

Physical harm or damage to a person's body caused by an accident or external force.

Personal Property

Movable items owned by an individual or corporation, as opposed to real estate or real property.