Use the Following Information About the Spot Exchange Rates to Answer

question 62

Multiple Choice

Use the following information about the spot exchange rates to answer the questions 18 - 20.
Suppose that the spot exchange rates for British pound quoted in two locations are:

-Suppose that you have £1 million,you can make arbitrage profit by selling pounds for dollars in _________ and selling dollars for pounds in _______.

• A) New York; London
• B) New York; New York
• C) London; New York
• D) London; London

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Definitions:

Limitations

Constraints or restrictions that limit the scope or functionality of something.

Downcasting

Converting a reference of a parent class to a reference of a child class, requiring explicit type-casting in languages like Java.

Method Definition

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A term referring to a void method in an abstract class in Java, meaning the method does not return a value and must be implemented by subclasses.