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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 162 characters.
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