The 3 Scenarios of Financial terms...

Ans: Arbitrage
- it's a type of transaction of the same asset the investor trades in different locations to earn the profit on the price differences between these markets.

Ans: Hedge
- it consists of taking an offsetting or opposite position in a related security with the intention to reduce risk of an individual's asset/investment.

Ans: Sunk Cost
- in this case he lost alot of money in casino like a cost that has already been incurred and that cannot be recovered. In financial and economic terms, sunk costs are treated as bygone and are not taken into consideration when deciding whether to continue an investment project.

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