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Question
Ryan, a foreign exchange dealer, sold U.S. dollars for Swiss francs in the U.S., then sold Swiss francs for Japanese yen in Switzerland, and then sold the Japanese yen for U.S. dollars in the U.S. Ryan hopes that he will end up with more U.S. dollars than when he began. Which term best describes Ryan's actions?
A) arbitrage
B) speculation
C) spot transaction
D) outright forward
Answer
This answer is hidden. It contains 63 characters.
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