If an International Currency Speculator Expects That Country a Will

question 62

Multiple Choice

If an international currency speculator expects that country A will soon be forced to devalue its currency,the speculator will

• A) buy as much of that currency as possible.
• B) sell all of his holdings of that currency.
• C) not be concerned because the devaluation will affect only the domestic prices of goods within country A's borders,not international prices.
• D) not be concerned because only a revaluation will affect his or her profits.

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Definitions:

Adjectives

Words that describe or modify nouns, providing more information about an object's size, shape, age, color, etc.

Nouns

Words that identify people, places, things, or ideas.

Unconscious Use

Unconscious use involves utilizing something without deliberate intention or awareness, often relating to habits, skills, or learned behaviors that operate below the level of conscious thought.

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.