Assume the bid rate of a New Zealand dollar is $0.29 while t…

Assume the bid rate of a New Zealand dollar is $0.29 while the ask rate is $0.295 at Bank X. Assume the bid rate of the New Zealand dollar is $0.27 while the ask rate is $0.275 at Bank Y. Given this information, what would be your gain if you use $320,000 and execute locational arbitrage? That is, how much will you end up with over and above the $320,000 you started with?

If countries’ economies are not integrated, the correlations…

If countries’ economies are not integrated, the correlations of their economic growth levels would likely be ____. A firm would benefit ____ by diversifying sales among these countries relative to another set of countries whose economies are highly integrated.