You buy euros in New York from Deutsche Bank and simultaneously sell them in London to Barclays for a gain. This is an example of

Name: You buy euros in New York from Deutsche Bank and simultaneously sell them in London to Barclays for a gain. This is an example of
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

This is an example of pure arbitrage because you are taking advantage of a discrepancy in price between different markets and making a riskless profit by buying and selling nearly simultaneously.

You Buy Euros in New York from Deutsche Bank and Simultaneously