One banks ask price for a currency is less than

One bank's ask price for a currency is less than another bank's ask price for the currency
One bank's bid price for a currency is less than another bank's bid price for the currency
10 points
QUESTION 6
1.
When using ____, funds are not tied up for any length of time
covered interest
arbitrage
locational arbitrage
triangular arbitrage
B and C
10 points
QUESTION 7
1.
When using ____, funds are typically tied up for a significant period of time
covered interest
arbitrage
10 points
QUESTION 8
1.
Assume that the interest rate in the home country of Currency X is a much higher interest rate
than the U.S. interest rate. According to interest rate parity, the forward rate of Currency X:
10 points
QUESTION 9
1.
If the interest rate is higher in the U.S. than in the United Kingdom, and if the forward rate of the
British pound (in U.S. dollars) is the same as the pound's spot rate, then: