ThatQuiz Test Library Take this test now
How to perform arbitrage - Test
Contributed by: Simpson
  • 1. What is the core principle behind arbitrage?
A) Exploiting price differences for the same asset in different markets.
B) Holding assets for long-term appreciation.
C) Influencing market prices through large trades.
D) Predicting future market trends.
  • 2. Which of the following is essential for identifying arbitrage opportunities?
A) Following advice from market analysts.
B) Gut feeling and intuition.
C) Real-time market data and price comparison.
D) Reliance on historical price charts.
  • 3. What type of risk is inherent in arbitrage?
A) Inflation risk.
B) Credit risk.
C) Market risk.
D) Execution risk.
  • 4. What does 'risk arbitrage' typically involve?
A) Short selling overvalued stocks.
B) Investing in mergers and acquisitions.
C) Trading options with high volatility.
D) Buying and selling currencies at random times.
  • 5. What is 'triangular arbitrage'?
A) Using three different trading strategies.
B) Exploiting price discrepancies between three currencies.
C) Investing in three different countries.
D) Trading stocks in three different sectors.
  • 6. What role does transaction cost play in arbitrage?
A) It increases potential profits.
B) It only affects institutional investors.
C) It reduces potential profits.
D) It has no impact on profitability.
  • 7. What is a primary challenge to successful arbitrage?
A) Opportunities disappearing quickly.
B) Easy access to capital.
C) Too much available information.
D) Lack of regulatory oversight.
  • 8. Which market is commonly associated with triangular arbitrage?
A) Bond market.
B) Forex market.
C) Commodities market.
D) Real estate market.
  • 9. What is 'covered interest arbitrage'?
A) Ignoring currency exchange rates when investing internationally.
B) Exploiting interest rate differentials and using forward contracts.
C) Borrowing money to invest in speculative assets.
D) Investing in high-yield bonds without considering risk.
  • 10. How does high-frequency trading (HFT) relate to arbitrage?
A) HFT algorithms can quickly identify and execute arbitrage opportunities.
B) HFT has no impact on arbitrage.
C) HFT focuses solely on long-term investments.
D) HFT eliminates all arbitrage opportunities.
  • 11. What is the role of a broker in arbitrage?
A) To facilitate the execution of trades.
B) To provide financial advice.
C) To guarantee profits from arbitrage.
D) To manage the investor's portfolio.
  • 12. Which of the following is a key requirement for effective arbitrage?
A) Inside information.
B) Blind luck.
C) Sufficient capital.
D) Personal relationships with market makers.
  • 13. What is spatial arbitrage?
A) Using different trading strategies.
B) Arbitraging different time horizons.
C) Exploiting price differences in different geographical locations.
D) Trading different types of assets.
  • 14. Why are arbitrage opportunities generally short-lived?
A) Governments regulate them out of existence.
B) Arbitrage is illegal.
C) Traders lose interest quickly.
D) Market forces tend to eliminate price discrepancies.
  • 15. What is an important consideration regarding regulatory risk in arbitrage?
A) Regulatory risk is only relevant for large institutions.
B) Regulations always favor arbitrageurs.
C) Changes in regulations can impact profitability.
D) Arbitrage is unregulated.
  • 16. What is the impact of leverage on arbitrage?
A) It has no impact on profitability.
B) It always increases profits.
C) It magnifies both profits and losses.
D) It eliminates the risk of losses.
  • 17. What is an example of an asset used in arbitrage?
A) A house.
B) A car.
C) A piece of land.
D) Stocks.
  • 18. What is the term for an arbitrage strategy gone wrong?
A) Arb-win.
B) Arb-neutral.
C) Arb-loss.
D) Arb-failure.
  • 19. Which of these is not a type of arbitrage?
A) Statistical arbitrage.
B) Convertible arbitrage.
C) Retail arbitrage.
D) Value arbitrage.
  • 20. What is the purpose of quant models in statistical arbitrage?
A) To manipulate market prices.
B) To identify mispricings through algorithms.
C) To eliminate all risks.
D) To predict the news.
  • 21. What makes arbitrage a key factor in market efficiency?
A) It leads to market crashes.
B) It benefits only institutional investors.
C) It reduces price discrepancies.
D) It increases price volatility.
  • 22. What is the meaning of 'perfect arbitrage'?
A) Extremely complex strategy.
B) Guaranteed high profit.
C) Risk-free profit.
D) Illegal activity.
  • 23. What is the biggest disadvantage of small-scale retail arbitrage?
A) High transaction costs relative to profit.
B) High availability of capital.
C) Guaranteed profits.
D) Low competition.
  • 24. What is the role of information in arbitrage?
A) Early access to information is crucial.
B) All information leads to successful arbitrage.
C) Information is irrelevant.
D) Information is only useful for long-term investing.
  • 25. What type of markets offer more arbitrage opportunities?
A) Highly regulated markets.
B) Perfectly efficient markets.
C) Stagnant markets.
D) Inefficient markets.
  • 26. Which of the following is a common hurdle in arbitrage?
A) Guaranteed profits.
B) Slippage.
C) No competition.
D) Unlimited liquidity.
  • 27. What is the typical time horizon for an arbitrage trade?
A) Long-term.
B) Short-term.
C) Medium-term.
D) Very long-term.
  • 28. What is the most important skill for an arbitrageur?
A) Patience.
B) Loyalty.
C) Creativity.
D) Speed and efficiency.
  • 29. Which form of arbitrage is most easily accessible for retail investors?
A) High frequency arbitrage
B) Covered interest arbitrage
C) Retail arbitrage
D) Statistical arbitrage.
  • 30. What is the outcome when all arbitrage opportunities are eliminated?
A) Markets become more efficient.
B) Nothing changes.
C) Markets become less liquid.
D) Markets crash
Created with That Quiz — the site for test creation and grading in math and other subjects.