Multiple Choice
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
A) spot trader.
B) arbitrageur.
C) cross trader.
D) capitalist.
Correct Answer:
Verified
Correct Answer:
Verified
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