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Suppose euros can be exchanged for $1.80 in Frankfurt and $1.70 in New York. If foreign exchange trading and money transfers can be done freely,

Suppose euros can be exchanged for $1.80 in Frankfurt and $1.70 in New York. If foreign exchange trading and money transfers can be done freely, arbitragers will buy euros in Blank______ and sell them in Blank______. Multiple choice question. Frankfurt; New York New York; Frankfurt

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