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First, explain the concept of arbitrage in foreign exchange markets, including a brief discussion the types of arbitrage you know. (4 points) Then, comment on

First, explain the concept of arbitrage in foreign exchange markets, including a brief discussion the types of arbitrage you know. (4 points)

Then, comment on the following statement: "Making a profit from trading foreign exchange is now possible only using fast computers and algorithms via a strategy called triangular arbitrage." (4 points)

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