11 49) The U.S. dollar suddenly changes in value against the euro moving from an exchange rate of $0.8909/euro to $0.08709/euro. Thus, the dollar has ________ by ________.
A Topic: Foreign Exchange Skill: Analytical 50) When the cross rate for currencies offered by two banks differs from the exchange rate offered by a third bank, a triangular arbitrage opportunity exists.
Topic: Triangular Arbitrage Skill: Recognition 51) Most transactions in the interbank foreign exchange trading are primarily conducted via telecommunication techniques and little is conducted face-to-face.
Topic: Interbank Foreign Exchange Skill: Recognition 52) Global daily foreign exchange turnover (combined swaps, spot, and forward transactions) has declined from roughly $1,500 billion in 2001, to $1,200 in 2004, to $1,000 in 2007.
Topic: Daily Foreign Exchange Skill: Recognition 53) Given the following pair wise exchange rates, estimate the cross-rate of pounds per euro. $0.8410/£ $1.2223/euro
C Topic: Cross Rates Skill: Analytical