Which of the following is an example of triangular arbitrage initiation? group of answer choices buying singapore dollars from a bank (quoted at $.55) that has quoted the south african rand/singapore dollar exchange rate at sar3.00 when the spot rate for the rand is $.20 buying singapore dollars from a bank (quoted at $.55) that has quoted the south african rand (sar)/singapore dollar (s$) exchange rate at sar2.50 when the spot rate for the rand is $.20 buying a currency at one bank's ask and selling at another bank's bid, which is higher than the former bank's ask converting funds to a foreign currency and investing the funds overseas

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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