Exchange rates are equalized in different locations due to __.
A: arbitrage.
B: government intervention in foreign exchange markets.
C: free trade in goods and services.
D: the actions of importers and exporters.
A: arbitrage.
B: government intervention in foreign exchange markets.
C: free trade in goods and services.
D: the actions of importers and exporters.
举一反三
- Exchange rates are equalized in different locations due to:
- __________ ensures that exchange rates in different locations are essentially the same. A: Appreciation of the currency B: Arbitrage C: Forward trading D: Spot trading
- A(n) _____ is the simultaneous purchase and sale of a given amount of foreign exchange for two different value dates. （ ） A: arbitrage B: spot exchange C: carry trade D: currency swap
- 中国大学MOOC: __________ ensures that exchange rates in different locations are essentially the same.
- The difference between a free floating exchange rate and a managed floating exchange rate is A: under managed float government intervention plays a role in determining the exchange rate. B: free floating exchange rates can only appreciate or depreciate by 5 units per day. C: the equilibrium exchange rate is always higher for managed float rates. D: all of the above