Let be a Cauchy sequence in a compact metric space . By sequential compactness of a compact metric space, it has a convergent subsequence . Given , choose such that whenever , and then choose such that and . For every , the triangle inequality givesThus the whole sequence converges to . Every Cauchy sequence converges in , so is a complete metric space.
No. Give an infinite set the discrete metricThis space is bounded. Every Cauchy sequence is eventually constant, so it is complete. However, the open cover by the singleton balls has no finite subcover. Hence is not compact.
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