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Colin Notices That a Portable ZIP Drive Has Disappeared from His

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Colin notices that a portable ZIP drive has disappeared from his work area.He is a new hire,and has only been on the job for a week.Consequently,he is afraid that his boss might suspect him of stealing the drive,and fire him before his probationary period on the job is over.His boss is out of town until tomorrow.While Colin will not see him until first thing tomorrow morning,his boss will also not find out about the missing ZIP drive unless Colin tells him.Probably the best way for Colin to explain what happened,and demonstrate his innocence,is to tell his boss through the use of:


Definitions:

Arbitrageur

Someone who takes advantage of tiny differences in the exchange rate across markets by simultaneously purchasing a currency in one market and selling it in another market.

Foreign Exchange

Trading one currency for another or transforming one currency into a different currency.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much one country's currency is worth in terms of another's.

Foreign Exchange Rates

The price of one country's currency expressed in another country's currency, determining how much one currency is worth in terms of another.

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