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Question
Assume that the yen/dollar exchange rate quoted in London at 3 p.m. is 120 = $1, and the New York yen/dollar exchange rate at the same time (10 a.m. New York time) is 123 = $1. Which of the following transactions would yield immediate profit?
A. Forward exchange
B. Carry trade
C. Currency swap
D. Arbitrage
E. Currency speculation
Answer
This answer is hidden. It contains 161 characters.
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