Which of the Following Is (Are)a Reason (Reasons)to Trade Currencies

question 42

Multiple Choice

Which of the following is (are) a reason (reasons) to trade currencies?

• A)to buy and sell foreign goods
• B)to buy and sell foreign financial instruments
• C)to hold currencies as foreign assets in their own right
• D)all of the above
• E)none of the above

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Definitions:

Informational Social Influence

The influence to conform or change behavior based on the desire to be correct, or to understand the correct way to act in a given situation.

Correct Choice

The optimal selection among various alternatives based on criteria or preferences.

Central Route Persuasion

A method of persuasion that involves deeply processing the content of the message, focusing on the argument's quality and logic.

Charts and Graphs

Visual tools used to summarize, analyze, and represent data and information in an easily interpretable form.