Arbitrage refers to the act of
A)resolving a dispute in front of an arbitrator instead of a court of law.
B)buying a product in one market at a low price and reselling in another market at a higher price.
C)trading in the foreign exchange market.
D)suing a producer for illegal business practices.

Question

Quizplus · Accepted Answer

Arbitrage involves taking advantage of price differences in different markets by buying a product in one market where the price is low and selling it in another market where the price is higher, making a profit from the difference in price.

Arbitrage Refers to the Act of