If the Exchange Rate Is $0

question 163

True/False

If the exchange rate is $0.01 per yen in New York and $0.015 per yen in Tokyo,an arbitrager could profit by buying yen in Tokyo and simultaneously sell them in New York.

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Definitions:

Intelligence Tests

Tests established to assess human intellectual and cognitive skills systematically.

Intellectual Disability

A term used to describe a condition characterized by significant limitations both in intellectual functioning and in adaptive behavior, originating before the age of 18.

Adaptive Skills

Abilities that enable individuals to meet standards of personal independence and social responsibility appropriate for their age and cultural group.

Intellectual Disability

A disorder identified by substantial deficits in cognitive capabilities and practical skills, manifesting prior to reaching 18 years old.