________ Attempt to Exploit Small Differences in the Price of a Currency

question 52

Multiple Choice

________ attempt to exploit small differences in the price of a currency between markets by buying currencies in lower-priced markets and selling in higher-priced markets.

• A) Commercial customers
• B) Speculators
• C) Arbitrageurs
• D) Individuals

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Definitions:

Assimilation

The cognitive process in which new information is absorbed and integrated into existing knowledge frameworks or schemas.

Accommodation

in cognitive psychology, refers to the process of adjusting one's schema (mental models) to incorporate new information, as part of the learning process.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched, which develops in infancy.

Transformation

A comprehensive change or conversion in form, appearance, nature, or character.