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:

Social Policy

Guidelines and interventions designed to address public issues and promote social welfare.

Applied Research

A form of systematic inquiry involving the practical application of science to address real-world problems.

Basic Research

Fundamental research aimed at expanding knowledge by discovering new facts and relationships without immediate application to existing problems.

Evolutionary Theory

A scientific explanation for the diversity of life on Earth, proposing that species change over time through mechanisms such as natural selection and genetic mutation.