When the a Transaction Involves the Purchase and Sale of Three

question 40

Multiple Choice

When the a transaction involves the purchase and sale of three different currencies so that the person conducting the transaction begins with a specific amount of one currency and ends with a greater amount of that currency,the transaction is:

• A)a three-party currency exchange.
• B)a currency market currency swap.
• C)illegal unless approved by the countries issuing the currency involved.
• D)an example of triangular arbitrage.

---

Definitions:

Metering Strategy

A pricing strategy where the usage of a product or service is measured and charged for based on the amount consumed.

Consumer Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.

Package Together

The process of combining different products or services for sale as one combined offer.

Weekend Booking

Refers to the reservation made for services or accommodations on weekends, often seen in the travel and hospitality industry.