he current market exchange rate is 2.2 francs per pound. Suppose you need to buy 6 pounds using French francs. If you buy 6 pounds directly in the foreign exchange market, it will cost you 13.2 francs. Alternatively, given pound is overpricing (higher than shipping cost), you can _________for the benefit of the exchange. A. first buy an ounce of gold for 6 pounds in England and then ship it to France and sell it for 12 francs B. first buy an ounce of gold for 12 francs in England and then ship it to France and sell it for 6 pounds C. first buy an ounce of gold for 12 francs in France and then ship it to England and sell it for 6 pounds D. first buy an ounce of gold for 6 pounds in England and then ship it t
The current market exchange rate is 2.2 francs per pound. Suppose you need to buy 6 pounds using French francs. If you buy 6 pounds directly in the foreign exchange market, it will cost you 13.2 francs. Alternatively, given pound is overpricing (higher than shipping cost), you can _________for the benefit of the exchange.
first buy an ounce of gold for 6 pounds in England and then ship it to France and sell it for 12 francs
first buy an ounce of gold for 12 francs in England and then ship it to France and sell it for 6 pounds
first buy an ounce of gold for 12 francs in France and then ship it to England and sell it for 6 pounds
first buy an ounce of gold for 6 pounds in England and then ship it to France and sell it for 12 francs
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