At any point of time all markets tend to have the same exchange rate for a given currency due to:

CA Foundation · Business Economics · MTP · January 2025
At any point of time all markets tend to have the same exchange rate for a given currency due to:
(A) A. Hedging
(B) B. Arbitrage
(C) C. Speculation
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Arbitrage

Topics: Business Cycles

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