(Solution) If The Exchange Rate Quotes In Two Different Countries Were Out Of Line With Each Other, An Enterprising Trader Could Make A Profit By Buying In The | Snapessays.com


(Solution) If the exchange rate quotes in two different countries were out of line with each other, an enterprising trader could make a profit by buying in the


If the exchange rate quotes in two different countries were out of line with each other, an enterprising trader could make a profit by buying in the market where the currency was cheaper and simultaneously selling it in the market where the currency was more expensive. Such a person would be known as a Select one: a. cross trader.b. capitalist.c. spot trader.d. arbitrageur.

 


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This question was answered on: May 23, 2022

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