Multiple Choice
In 1987,currency speculator Andy Krieger made a lucrative currency trade.Believing that the New Zealand dollar was overvalued,Krieger bet on its fall,selling hundreds of millions of dollars at a time and pushing its value down.He profited by re-buying New Zealand dollars when the price bottomed out.What Krieger was engaging in was a (an)
A) discount position
B) premium position
C) short position
D) long position
Correct Answer:
Verified
Correct Answer:
Verified
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