Exchange rates are equalized in different locations due to:
A. Arbitrage.
B. Government intervention in foreign exchange markets.
C. Free trade in goods and services.
D. The actions of importers and exporters.
Answer:A
Exchange rates are equalized in different locations due to:
A. Arbitrage. B. Government intervention in foreign exchange markets. C. Free trade in goods and services. D. The actions of importers and exporters.