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Question
Which of the following refers to currency speculation?
A. The short-term movement of funds from one currency to another in the hopes of profiting from shifts in exchange rates
B. The exchange rate at which a foreign exchange dealer will convert one currency into another that particular day
C. Simultaneous purchase and sale of a given amount of foreign exchange for two different value dates
D. The purchase of securities in one market for immediate resale in another to profit from a price discrepancy
E. The growth in a countrys money supply exceeding the growth in its output, leading to price inflation
Answer
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