Which of the following statements is(are) not correct? A) Foreign exchange speculators earn a profit by a bid-ask spread on currencies they purchase and sell. B) Foreign exchange arbitragers seek to profit from simultaneous exchange rate differences in different marketsc C)A forward contract to deliver British pounds for U.s. dollars could bedescribed either as selling pounds forward or buying dollars forward. D) None of them E)All of them

Which of the following statements is(are) not correct? A) Foreign exchange speculators earn a profit by a bid-ask spread on currencies they purchase and sell. B) Foreign exchange arbitragers seek to profit from simultaneous exchange rate differences in different marketsc C)A forward contract to deliver British pounds for U.s. dollars could bedescribed either as selling pounds forward or buying dollars forward. D) None of them E)All of them

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter36: Exchange Rates And Financial Links Between Countries

Section: Chapter Questions

Problem 13E

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