An act of buying currency in one market at a lower price and selling it in another at higher price resulting in equilibrium in exchange rates of different currencies is called _________________.

Related MCQs

• The rate of exchange of two currencies on the basis of exchange quotes of other pairs of currencies are derived when a quote of home currency (or desired currency) to any other currency is not available in the Foreign Exchange market is called ____________.
• The act of arbitrage that involves three foreign currencies involving three different foreign exchange market is called __________
• What type of relationship is there between call rates and short-term money market instruments such as CDs and CPs?
• When the exposed position in a foreign currency is covered through borrowing or lending in the money market, it is called ______________.
• The Rate of Exchange applicable for delivery of Foreign Exchange at a future date is called ______
• If there are no costs or other barriers associated with the movement of goods or services across countries, the price of each product should be the same in each country, after making appropriate currency conversions. It is called ____________ in Economics.
• One of the features of Capital Market is ‘Ready and Continuous market’ which provides _____________ to the investors.
• Who are key participants of Foreign Exchange Market?
• __________________ is a benchmark Indian Stock Market Index that represents the weighted average of 50 of the largest Indian Companies listed on the National Stock Exchange.
• Market making is a unique concept of which stock exchange of India?