Which of the following terms refers to the nearly simultaneous purchase of a commodity (such as a currency) in one market and its sale in another to profit from the price differential?

Question

Quizplus · Accepted Answer

The term that refers to the nearly simultaneous purchase and sale of a commodity in different markets to profit from the price differential is called arbitrage. Allonge refers to a piece of paper attached to a negotiable instrument, expropriation refers to the government’s seizure of private property without the owner’s consent or compensation, and condonation refers to the forgiveness of a debt by a creditor.

Which of the Following Terms Refers to the Nearly Simultaneous