An attempt to profit by converting dollars to yen, yen to euros, and euros back to dollars would be an example of [blank].

Question

Quizplus · Accepted Answer

This is an example of arbitrage, which involves taking advantage of price discrepancies in different markets to make a profit. In this case, the trader is buying yen with dollars when the exchange rate is favorable, then converting those yen to euros when the exchange rate is favorable, and finally converting those euros back to dollars when the exchange rate is favorable again, resulting in a net profit.

An Attempt to Profit by Converting Dollars to Yen, Yen