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samualson samualson
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6 years ago
You purchased 3,000,000 Indian rupees in London at an exchange rate of 54.86 to the dollar and simultaneously sold the rupees in Bahrain at an exchange rate of 55.12 to the dollar. What is the name for such a transaction?
A) trend trading
B) arbitrage
C) currency swapping
D) exchange rate hedging
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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guzmanguzman
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samualson Author
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#2
6 years ago
Just confirmed the same answer from my friend, thanks
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