Foreign exchange market arbitrageurs:a.try to outsmart the market in an effort to gain profits.b.require foreign currency to purchase foreign goods.c.profit on the minor discrepancies that appear between marketplaces.d.they profit from the difference in exchange rates between the bid and offer.

The foreign exchange market arbitrageurs are individuals or entities that take advantage of discrepancies in exchange rates across different markets to make a profit. Here's a step-by-step explanation of the options you provided:

a. Try to outsmart the market in an effort to gain profits: This is partially true. Arbitrageurs don't necessarily "outsmart" the market. They simply exploit discrepancies or inefficiencies in the market to make risk-free profits.

b. Require foreign currency to purchase foreign goods: This is not necessarily true. The primary goal of arbitrageurs is not to purchase foreign goods, but to take advantage of discrepancies in exchange rates. They might not have any interest in the foreign goods themselves.

c. Profit on the minor discrepancies that appear between marketplaces: This is true. The main strategy of arbitrageurs is to buy a currency at a lower price in one market and sell it at a higher price in another. This is possible because of minor discrepancies that appear between different foreign exchange marketplaces.

d. They profit from the difference in exchange rates between the bid and offer: This is also true. The bid price is the highest price that a buyer is willing to pay for an asset, while the offer price (also known as the ask price) is the lowest price that a seller is willing to accept. Arbitrageurs can profit from the spread between these two prices.