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:

Mistake-of-Fact

A misunderstanding of a factual situation that can affect the validity of a contract.

Public Knowledge

Information that is available to the general public, accessible without any restrictions.

Insider Trading

The trading of a public company's stock or other securities by individuals with access to non-public, material information about the company.

Mail Fraud

A crime involving the use of postal services to carry out any scheme to fraudulently obtain money or valuables.