1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alekssandra [29.7K]
3 years ago
7

American Bank quotes a bid rate of $0.026 and an ask rate of $0.028 for the Indian rupee (INR); National Bank quotes a bid rate

of $0.024 and an ask rate for $0.025. Locational arbitrage would involve:
a. buying rupees from American Bank at the ask rate and selling to National Bank at the bid rate.
b. buying rupees from American Bank at the bid rate and selling them to National Bank at the ask rate.
c. buying rupees from National Bank at the ask rate and selling them to American Bank at the bid rate.
d. Locational arbitrage is not possible in this case.
e. buying rupees from National Bank at the bid rate and selling them to American Bank at the ask rate.
Business
1 answer:
Vinvika [58]3 years ago
3 0

Answer:

c. buying rupees from National Bank at the ask rate and selling them to American Bank at the bid rate.

Explanation:

  • Locational arbitrage is a strategy in which one seeks profits from the difference in exchange rates for the same currency at different banks.
  • In our case for locational arbitrage one will have to buy Indian rupee from National bank at the ask rate and then sell them to American bank at the bid rate to make profit.
You might be interested in
Polls to answer :
horsena [70]
Age: 15
oldest age: 16
siblings: 1
7 0
3 years ago
Wages of 8,000 are earned by workers but not paid as of december 31
arsen [322]

Answer:

huh i dont understand that question no choosing letter

8 0
2 years ago
Suppose two athletes each sign 10-year contracts for $80 million. In one case, we’re told that the $80 million will be paid in 1
marusya05 [52]

Answer:

The athlete with equal installments got the better deal.

Explanation:

Two athletes each sign 10-year contracts for $80 million.

In one case, we’re told that the $80 million will be paid in 10 equal installments.

In the other case, the $80 million will be paid in 10 installments, but the installments will increase by 5 percent per year.

The one with equal installments will get $8 million every year.

But the one with increasing installments will get smaller payments initially as his payments were to be increased by 5% each year.

Though the total value of both the annuities will remain the same.

7 0
2 years ago
SANDHILL CO. Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,890 $10,890 Accounts Rece
ziro4ka [17]

Answer Explanation:

We match each debit change, with a credit to create an understandable entry.

Salaries and Wages Expense              1,320 debit

             Salaries and Wages Payable                    1,320 credit

to record accrued salaries for the period

depreciation expense            1,200 debit

            accumulated Depreciation - Equipment 1,200 credit

to record depreciation for the year

Supplies Expense 1,050 debit

              Supplies                       1,050 credit

to record use of supplies for the year

Insurance Expense                  1,490 debit

              Prepaid Insurance                     1,490 credit

to record expired insurance

Unearned Rent Revenue 1,030 debit

                Rent Revenue                        1,030 credit

to record accrued rent for the period

Account Receivable  660 debit

             Service Revenue           660 credit

to record unrecorded service revenue

4 0
3 years ago
Jeevan and Jayaram started a partnership business. Jayaram is a filmstar. He has no time to be involved in business activity. Je
Hunter-Best [27]

Answer:

•Jayaram is a Limited partner

•Jeevan is an active partner

Explanation:

•A limited partner also known as a silent partner is a partner who does not partake in the day to day running of the business. He only provides capital to the running of the business hence his liability is limited to the amount invested in the business.

Asides providing capital and not being active in the management of the business activity, he can be of help by providing business contact that would bring progress to the business and also give business advice where and when necessary.

• An active partner is a partner who provides capital and also oversees the daily activities of the business. He is a very important partner because of his involvement in the business affairs hence has more liability unlike the limited partner. An active partner's action can make or mar the business because of the influence he has over the business.

3 0
3 years ago
Other questions:
  • When students in a large class were surveyed about how much they would be willing to pay for a coffee mug with their university'
    5·1 answer
  • The manager of the customer service division of a major consumer electric company is interested in determining whether the custo
    13·1 answer
  • Net cash provided by operating activities was $12,000. Net cash provided by investing activities was $2,000. Net cash used in fi
    13·2 answers
  • According to Thorstein Veblen, a successful businessman would be most likely to demonstrate his worth to others by:_______. a. a
    15·1 answer
  • The system that sorts packages in the FedEx Super Hub is called _________________________.
    6·2 answers
  • Entrepreneurs are willing to take risks becausea. technology provides a way to sidestep the patent and copyright system.b. the p
    8·1 answer
  • Manufacturing overhead has an overallocated balance of​ $7,800; raw materials inventory balance is​ $62,900; work in process inv
    5·1 answer
  • At the end of a recent​ year, Anderson Cleaning​ Service, a​ full-service house and office cleaning​ service, had total assets o
    5·1 answer
  • Planning, implementing, and controlling the physical flow of a product from its point of origin to its point of consumption is c
    8·1 answer
  • In order to be considered a legal owner of a public company, a person or organization must _____
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!