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:

Assignor's Death

The occurrence and effects on a contractual agreement or obligation when the individual who assigned their rights or obligations under the contract dies.

Assignee

The party to whom rights or interests have been transferred by another party, known as the assignor.

Delegates Duty

The act of assigning one's responsibilities or tasks to another person, often seen in contracts and employment relationships.

Obligated

Refers to having a legal or moral duty to do something.