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castillo66 castillo66
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7 years ago
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
Textbook 
International Business

International Business


Edition: 15th
Authors:
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KitechiKitechi
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7 years ago
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castillo66 Author
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#2
7 years ago
I had the hardest time answering this question, you're my angel
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