A Speculator in Foreign Exchange Is a Person Who

question 195

Multiple Choice

A speculator in foreign exchange is a person who

• A)buys foreign currency, hoping to profit by selling it at a higher exchange rate at some later date
• B)earns illegal profit by manipulating foreign exchange
• C)causes differences in exchange rates in different geographic markets
• D)simultaneously buys large amounts of a currency in one market and sells it in another market
• E)takes no risks in foreign currency exchanges

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Definitions:

Characteristics

Distinguishing traits, qualities, or attributes that define or identify a person, object, or concept.

Impression Management

A conscious or subconscious process in which individuals attempt to influence the perceptions of other people about a person, object, or event by regulating and controlling information in social interaction.

Conscientiousness

A personality trait characterized by organization, dependability, diligence, and a strong sense of duty.

Commitments

Obligations or pledges to do something, often implying a promise made to others or oneself.