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Question
Arbitrage is the purchase of foreign currency on one market for immediate resale on a foreign market in order to profit from a price discrepancy.
Answer
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Related questions
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Which of the following is true about projected demographic changes up to the year 2050 that could affect future production and sales locations?
A) The share of the working population should rise in developed countries and fall in developing countries.
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B) the industry's product is a commodity
C) entry barriers are low for new firms
D) suppliers have little bargaining power