During 2012–2013, currency speculator George Soros made a lucrative currency trade. Having expectations of a future depreciation of the yen, Soros made big bets against it. He sold large amounts of yen, pushed its value down, and profited by re-buying the yen when its price bottomed out. What Soros was engaging in was a
a. long position.
b. short position.
c. premium position.
d. discount position.
b. short position.
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