Question 5 (1 point) An activity known as exchange rate arbitrage occurs when a foreign exchange trader attempts to: 1) Avoid owning a currency that is worth more than they paid for it. 2) Avoid a trading loss by going long. 3) FMake a profit by selling short. 4) Make a profit from a price discrepancy. Question 6 (1 point) The foreign exchange regime used in Canada is a (an): 1) Managed float. 2) Fixed rate. 3) Floating rate. 4) Arbitrary system. Question 7 (1 point) The monetary standard used in Canada is commodity based. 1) True 2) False