<span>Sectionalism develops when people favor regional interests over the interests of a whole nation. Restricted narrow interests and local interests constitutes in the concept of Sectionalism. This can bring in a lot of divide among the people of the same country and it can get worse when the concept get more narrowed.</span>
Answer:
C) Yes, because the direct rates differ in all markets
Explanation:
₤1 buys €1.50 in NY, Tokyo, and London -> ₤1 = €1.50
₤1 buys ¥150 in NY, Tokyo, and London -> ₤1 = ¥150
⇔ €1.50 = ¥150
⇔ ¥100 = €1.50/1,5 = €1
$1 buys ¥100 in NY, Tokyo, and London - > $1 = ¥100
Tt clearly that €1 is different with $1.0 (as Reuter quoted today, $1.00 = €0.9030), so there’re opportunity for two-point arbitrage
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Please state these fees please?
