Question: State ONE (1) similarity and ONE (1) difference between speculators and artbitrageurs. (4 marks) Define the following quotes and give ONE (1) example for each

  1. State ONE (1) similarity and ONE (1) difference between speculators and artbitrageurs.

(4 marks)

  1. Define the following quotes and give ONE (1) example for each of the quote

  1. Direct quote

(2 marks)

  1. Indirect quote

(2 marks)

  1. Briefly explain the meaning of Law of One Price.

(3 marks)

  1. Identify the problems with the Purchasing Power Parity (PPP)

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