A speculative attack on a currency involves speculators:
A) selling currency they expect to fall in value.
B) buying currency they expect to fall in value.
C) selling currency they expect to increase in value.
D) doing nothing.

Question

Quizplus · Accepted Answer

Speculative attacks on a currency typically involve selling off the currency that speculators expect to depreciate in value. This is done in anticipation of making a profit from the currency's decline.

A Speculative Attack on a Currency Involves Speculators