Use the Following Information to Answer Questions 13-14

question 26

Multiple Choice

Use the following information to answer questions 13-14.
Assume that the following exchange rates exist.

-Suppose that you are an arbitrageur that starts with $100 in New York.Which of the following paths is correct in order to make arbitrage profit?

• A) Buy pound in New York → sell pound for SFr in New York → sell SFr for dollar in New York.
• B) Buy SFr in New York → sell SFr for pound in New York → sell pound for dollar in New York.
• C) Buy SFr in New York → sell SFr for pound in Geneva → sell pound for dollar in New York.
• D) Buy pound in New York → sell pound for SFr in London → sell SFr for dollar in New York.

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Definitions:

Symbolically

In a manner that uses symbols or symbolic actions to represent ideas, concepts, or other abstract entities.

Humanistic

Pertaining to a psychological approach that emphasizes individual freedom, personal growth, and the intrinsic value of humans.

Psychological Disorders

Mental disorders characterized by patterns of behavior, thought, or emotions that are abnormal or distressing to the individual, and which interfere with personal function.

Self-Fulfillment

The achievement of one's own potential through personal growth, achievement, and self-actualization.