TeachMeFinance.com - explain Compound arbitration of exchange
Compound arbitration of exchange -- A calculation based
on the rates of exchange between four or more places to determine
the difference in the money values of the different
countries ; or, a calculation based on the money values of four
or more places to determine the ratio of exchange between the
different places. When only three places are involved in the
calculation it is called simple arbitration of exchange.
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