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.

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Definitions:

Clone Method

A method in the Java programming language that creates and returns a copy of the object on which it is called.

One Parameter

A single piece of data provided as input to a function or method.

Variable Type

The classification of variables based on the kind of data they hold, such as integer, float, or string.

Method Names

Identifiers used in programming to name a method, which often describe the action the method performs and follow naming conventions.