A speculative attack is:
A)a presumptive increase in the officially fixed value of a currency.
B)a presumptive decrease in the officially fixed value of a currency.
C)the imposition of tariffs and quotas to prevent the inflow of foreign goods.
D)a massive selling of domestic currency assets by domestic and foreign financial investors.

Question

Quizplus · Accepted Answer

A speculative attack is a massive selling of domestic currency assets by domestic and foreign financial investors, often brought on by fears that an overvalued currency will soon be devalued.

A Speculative Attack Is