The direct quote in New York is .015 dollar per Pakistani rupee. The direct quote in Pakistan is 60
rupees per dollar. This imbalance in rates can be corrected by arbitrage.
A trader will ________
rupees in New York and ________ rupees in Pakistan, causing the direct quote in New York to
________.
A) sell; buy; decrease B) buy; sell; increase
C) sell; buy; increase D) buy; sell; decrease
B
You might also like to view...
In a(n) ______________________________ accounts receivable system, accounts receivable records consist of a customer's balance, categorized as current and past due, and current account activity, including such items as current charges, finance charges for past-due balances, and payments
Fill in the blank(s) with correct word
Table 10-4 represents a solution to a goal programming problem. There are three goals (each represented by a constraint). Which goals are only partly achieved?
A) number 1 only B) number 1 and number 2 C) number 2 and number 3 D) number 1 and number 3 E) None of the above
The top Six Sigma project managers are known as:
A) World Class. B) White Hats. C) Best-In-Class. D) Black Belts. E) Biero.
When the demand for bonds ________ or the supply of bonds ________, interest rates fall
A) increases; increases B) increases; decreases C) decreases; decreases D) decreases; increases