____ is the act of buying a commodity in one market at a lower price and selling it in another market at a higher price.
A) Buying short.
B) Discounting.
C) Tariffing.
D) Arbitrage.

Question

Quizplus · Accepted Answer

The act described is known as arbitrage. Buying short refers to selling borrowed securities in anticipation of a price drop, discounting refers to selling a commodity at a lower price than its face value, and tariffing refers to the imposition of taxes on imported or exported goods.

____ Is the Act of Buying a Commodity in One