A speculative attack:
A) can occur with any currency.
B) can occur to currencies with floating exchange rates.
C) can occur to currencies with fixed exchange rates.
D) are illegal and no longer occur.

Question

Quizplus · Accepted Answer

A speculative attack is more likely to occur with currencies that have fixed exchange rates, as speculators may bet against the currency if they believe the fixed rate is unsustainable.

A Speculative Attack