Currency speculators are traders who seek to profit from a(n):
a. shift in global demand and supply patterns.
b. increase in the price of oil.
c. sudden shift in interest rates.
d. exchange rate change by selling the currency expected to appreciate and buying the currency expected to depreciate.
e. exchange rate change by selling the currency expected to depreciate and buying the currency expected to appreciate.
e
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Both the classical and the HO model predict that the pattern of trade is determined largely by international differences in factor endowments
Indicate whether the statement is true or false
What is the real GDP in year 1 using base year 1?
A) $418. B) $300. C) $360. D) $338.
An essential function of a central bank is to:
A. manage the money supply. B. collect taxes. C. issue debt. D. control and monitor government budgets.
Suppose a country has had a high and relatively stable inflation rate for a long time. How might this affect the costs and benefits of inflation reduction?