1)

When a currency trader gives their ____ rate, they are giving the rate at which they will ___ a currency if the customers is _______.

Select one:

a. buy, sell, buying

b. bid, buy, selling

c. ask, buy, selling

2)

When the quote in _____ is US$1.31109/, the direct is ___________ in the city of ________.

Select one:

a. London,.0762724/US$,New York City

b. New York City,.0762724/US$,London

c. New York City,.085521/US$,London

3)

When ___ differ from one global financial center to another, ____ profit opportunities are said to exist but __________..

Select one:

a. spot rates, arbitrage, appear for extended periods of time

b. forward rates, hedging, disappear quickly

c. cross rates, arbitrage, disappear quickly

d. cross, hedging, appear for extended periods of time