Business, 12.08.2020 06:01 smithsa10630

Ryan, a foreign-exchange dealer, sold U. S. dollars for Swiss francs in the United States, then sold Swiss francs for Japanese yen in Switzerland, and then sold the Japanese yen for U. S. dollars in the United States. Ryan hopes that he will end up with more U. S. dollars than when he began. Which term best describes Ryan's actions

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Ryan, a foreign-exchange dealer, sold U. S. dollars for Swiss francs in the United States, then sold...