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.
Answer:
These two are cash equivalents:
Money market funds
Three-month Treasury bills
Because they represent short-term investments that a company makes with the goal of getting rid of any excess cash that would otherwise be left unused while it is losing value because of inflation.
In other words, the main goal of investments in money market funds and three-month treasury bills, is to prevent cash from losing value due to inflation, and because of that, those investments are considered cash equivalents.
Answer:
A. Product APEX
Explanation:
This is the correct answer.
A automobile would be a asset
The right answer for the question that is being asked and shown above is that: "c. Credit cards are canceled due to poor payment history." a sign of credit trouble is that <span>Credit cards are canceled due to poor payment history.</span>
