Use the Following Information to Answer Questions 24-25

question 35

Multiple Choice

Use the following information to answer questions 24-25.
Assume that the following exchange rates exist for the U.S. dollar, Japanese Yen and the British Pound.

-If you are an arbitrageur that starts with $1,000 in New York,

• A) You will buy pound in New York, because pound is cheaper in New York.
• B) You will buy yen in New York, because pound is more expensive in New York.
• C) You will buy both pound and yen in New York to spread the risk.
• D) There is no arbitrage opportunity in this case.

---

Definitions:

Identifiers

Unique symbols, names, or codes used to recognize and distinguish specific items, individuals, or data within a system.

Open-Ended Questions

Questions formulated to allow respondents to answer in detail, rather than with a simple "yes" or "no."

Supplementary Label

An additional label provided on a product that offers extra information, warnings, or instructions beyond the primary label.

Special Instructions

Specific directions or orders given in a particular context, such as medical prescriptions, laboratory tests, or legal documents.