In 1987,currency Speculator Andy Krieger Made a Lucrative Currency Trade

question 131

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

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Definitions:

Firm Performance

An assessment of how well a company achieves its business objectives, often measured through financial metrics such as revenue, profit, and return on investment.

Customer Loyalty

A customer's willingness to repeatedly return to a company to conduct some type of business due to the delightful experiences or products provided by that company.

Ethical Misconduct

Behavior that violates ethical standards, including actions that are illegal or morally unacceptable to the wider community.

Gray Areas

Situations or subjects that are not clear or are open to interpretation because of a lack of rules, regulations, or definite answers.