Multiple Choice
Which of the following statements concerning speculators is true?
A) There is no risk involved in speculative activity.
B) They simultaneously buy and sell a currency in different markets.
C) They hope to profit by trading a currency at a different exchange rate later.
D) Their actions do not affect exchange rates.
E) Their actions are exactly like those of arbitrageurs.
Correct Answer:
Verified
Correct Answer:
Verified
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