In 1987, Currency Speculator Andy Krieger Made a Lucrative Currency

question 82

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(n)

• A) discount position.
• B) premium position.
• C) short position.
• D) long position.

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Definitions:

Accommodation

As a monocular cue of depth perception; the brain’s use of information about the changing thickness of the lens of the eye in response to looking at objects that are close or far away.

Physical Skills

Abilities related to the control and coordination of bodily movements, often developed through practice or exercise.

Standing Alone

The state or condition of being isolated, independent, or not influenced or supported by others.

Walking

A form of locomotion involving two legs that move one at a time, allowing humans and other bipeds to move efficiently on the ground.