If speculators with Swiss francs believed the yen was going to depreciate against the dollar,they would most likely: =

Question

Quizplus · Accepted Answer

If speculators with Swiss francs believe the yen is going to depreciate against the dollar, they would likely purchase dollars. This is because if the yen depreciates against the dollar, the value of the dollar will increase against the yen. Therefore, purchasing dollars would yield a profit when the speculators exchange their dollars back to Swiss francs.

If Speculators with Swiss Francs Believed the Yen Was Going