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spayn [35]
2 years ago
12

Assume that the yen/dollar exchange rate quoted in Tokyo at 3:00 p.m. is ¥120 = $1, and the yen/dollar exchange rate quoted in N

ew York at the same time is ¥123 = $1. A dealer in New York uses dollars to purchase yen and then immediately sells the yen to buy dollars in Tokyo, thereby making a profit. The dealer has engaged in: Group of answer choices
Business
1 answer:
Dvinal [7]2 years ago
3 0

The dealer in New York is engaged in arbitrage.

<h3>What is arbitrage?</h3>

Arbitrage is when a market participant takes advantages of price differences in more than one market with the aim of making profit. The market participant usually buys currency in the cheaper market and sells in the more expensive market and thus earns a profit.

To learn more about arbitrage, please check: brainly.com/question/15721593

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Discussion topic
KiRa [710]

Explanation:

for me I feel that if you put something on the line maybe like money or a huge deal. Then you put them together to work on it

4 0
3 years ago
The difference between errors in the financial statemetns as compared to fraud is
Nataly [62]
Hello there!

There is quite a HUGE difference between these both. When being frauded or making a fraud, this would also be known as stealing money.

But when making a mistake in a statement, they can be things resolved faster than if a person were to steal money. When making this mistake, you could resolve this by explaining why this was a mistake and also what could you do to fix it as well.

Both of these kind of acts are seriously two major different things, they have nothing in common.

4 0
3 years ago
How does a market economy operate?
Tanya [424]

Answer:

The principle of market economy dictates that producers and sellers of goods and services will offer them at the highest possible price that consumers are willing to pay for goods or services. When the level of supply meets the level of demand, a natural economic equilibrium is achieved.

Explanation:

5 0
3 years ago
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.90, but management expects to reduce the p
GrogVix [38]

Answer:

The price of the stock is $66.5

Explanation:

The constant growth model of the DDM approach will be used to calculate the price of such a stock today.

The formula for the constant growth model is,

P0 or V = D0*(1+g) / r - g

As the growth rate in the company's dividedn is negative, the growth rate will be -5%.

The price of the stock is,

P0 = 11.9 * ( 1 - 0.05) / 0.12 + 0.05

P0 = $66.5

6 0
3 years ago
In ______ feedback, the receiver provides nonevaluative information to the communicator.
umka21 [38]

In informational feedback, the receiver provides non-valuative information to the communicator.

Feedback in the context of communication refers to a reaction from the recipient that informs the communicator of the message's effectiveness and whether it needs to be amended.

Alternatively said, feedback is the message's reception by the recipient

Corrective feedback is when the receiver challenges the initial communication in response to informational feedback, which is when the receiver provides non-evaluative information to the communicator.

Reinforcing feedback occurs when the recipient expresses explicitly that she has understood the message and its goals.

Hence, in informational feedback, the receiver provides non-valuative information to the communicator.

Learn more about communication:

brainly.com/question/4999885

#SPJ1

8 0
2 years ago
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