If the U.S. dollar buys 50 Japanese yen, and 50 yen buy 75 Russian rubles, and 75 rubles buy 300 Israeli shekels, and the exchange rate of the dollar for the shekel is below 300,
a. there is an arbitrage opportunity
b. the demand for all currencies (yen, ruble, shekel, dollar) will increase
c. the market is in equilibrium
d. the supply of all currencies (yen, ruble, shekel, dollar) will increase
e. there is no possibility for arbitrage
A
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