________ is profitable whenever the cost of buying a currency directly differs from the cross rate of exchange.

Name: ________ is profitable whenever the cost of buying a currency directly differs from the cross rate of exchange.
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Question

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Three-point arbitrage involves taking advantage of differences between three currencies' exchange rates, which can occur when the direct exchange rate between two currencies differs from the rate implied by their exchange rates with a third currency.

________ Is Profitable Whenever the Cost of Buying a Currency