A speculator is someone who ________.
A)trades foreign exchange illegally
B)deals in the black market in currency
C)takes positions in foreign-exchange markets to earn a profit
D)works for OTC financial institutions rather than non-financial corporations

Question

Quizplus · Accepted Answer

A speculator is someone who takes positions in foreign-exchange markets to earn a profit. They may also speculate in other financial markets, such as stocks, bonds or commodities, but their main goal is to profit from short-term price movements using leverage. Engaging in illegal or black market activities does not define a speculator, nor does working for OTC financial institutions instead of non-financial corporations.

A Speculator Is Someone Who ________