________ is profitable whenever the cost of buying a currency directly differs from the cross rate of exchange.
A. two-point arbitrage
B. three-point arbitrage
C. covered interest
D. arbitrage of goods
Answer: B
________ is profitable whenever the cost of buying a currency directly differs from the cross rate of exchange.
A. two-point arbitrage
B. three-point arbitrage
C. covered interest
D. arbitrage of goods