Speculators, Who Bet on the Direction in Which a Currency's

question 34

Multiple Choice

Speculators, who bet on the direction in which a currency's price will move, frequently employ:

• A)forward contracts.
• B)a bid.
• C)an ask.
• D)currency futures contracts.
• E)a cross rate.

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Definitions:

Argument

A set of statements structured to support a conclusion through reasoning.

Earth Spinning

The rotation of the Earth on its axis, causing the cycle of day and night.

Explanation

A statement or account that makes something clear or understandable, often providing the reasons for a phenomenon or event.

Argument

A set of statements or reasons given with the aim of persuading others that an action or idea is right or wrong.