Speculators profit by taking risks, while the actions of arbitrageurs involve no risk.
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Q150: The fact that exchange rates are nearly
Q151: The purchasing power parity theory helps explain
Q152: Exchange rates
A)are always fixed
B)fluctuate to equate the
Q153: If the same basket of goods costs
Q154: One difference between arbitrageurs and speculators is
Q156: Under a flexible exchange rate system, which
Q157: According to the purchasing power parity theory,
Q158: Foreign exchange rates tend toward equality around
Q159: The purchasing power parity theory
A)is more a
Q160: Suppose a basket of goods that costs
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