Suppose That Citibank Buys a Large Amount of Japanese Yen

question 6

Multiple Choice

Suppose that Citibank buys a large amount of Japanese yen from Toyota and Citibank does not want to continue holding too much yen.How should Citibank adjust its buy rate and sell rate of the yen yen per dollar to "square off"?

• A) Citibank has to raise both buy and sell rates.
• B) Citibank has to raise the buy rate, but lower the sell rate.
• C) Citibank has to lower the buy rate, but raise the sell rate.
• D) Citibank has to lower both buy and sell rates.

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Definitions:

Political Group

An organization or a collective of individuals with shared political objectives, ideologies, or interests.

Persuade

To convince someone to do or believe something through reasoning or argument.

Distracting People

This refers to individuals or activities that divert attention away from a task or subject at hand, potentially reducing productivity or focus.

Persuasive Argument

A reasoned, logical way of presenting facts and points of view to influence others' beliefs, attitudes, or actions.