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as a visiting executive, you exchanged $100 at heathrow airport for some gbp at 1.600 usd for 1.000 gbp. two days later, you still had
as a visiting executive, you exchanged $100 at heathrow airport for some gbp at 1.600 usd for 1.000 gbp. two days later, you still had the same amount of gbp since you were well hosted. you found little use for the gbp. so, you went to the same money changer who then quoted you 1.7000 usd per gbp. you realized you had $106.25 back. you experienced _______ in the roundtrip transaction with the money changer.
- A. political risk
- B. weakness of the dollar
- C. market imperction
- D. exchange rate risk
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