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If an International Currency Speculator Expects That Country a Will

Question 68

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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