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Which of the following statements is false? Select one: a. Financial system arbitrage becomes more valuable if parity conditions hold. b. Tax arbitrage implies profits

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Which of the following statements is false? Select one: a. Financial system arbitrage becomes more valuable if parity conditions hold. b. Tax arbitrage implies profits are shifted from tax-paying units to units with tax losses. O c. Regulatory arbitrage can give MNCs a negotiating advantage. d. None of these statements are false. e. All of these statements are false

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