Suppose you can make profits in the foreign exchange market by buying a foreign currency at a low price, then selling it at a higher price later on.What you are engaging in is a
A) discount position.
B) premium position.
C) short position.
D) long position.

Question

Quizplus · Accepted Answer

Engaging in buying a foreign currency at a low price and selling it later at a higher price is known as a long position.

Suppose You Can Make Profits in the Foreign Exchange Market