Explain Why One Would Need to Be Able to Compute

question 127

Essay

Explain why one would need to be able to compute currency exchanges,why direct quote spot currency exchange rates,and when triangular arbitrage may be possible.

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Definitions:

Basic Services

Essential services required to meet basic human needs, including water, sanitation, electricity, healthcare, and education.

Few Competitors

A market situation characterized by a limited number of businesses or entities providing similar products or services, often leading to less competition.

Huge Investment

The allocation of a significant amount of capital or resources into a project, asset, or venture expecting future gain.

Oligopoly

A market structure characterized by a small number of firms controlling a large majority of the market share, often leading to limited competition.