The 2001-2007 rapid growth in global foreign exchange trading can be explained by:
A. Large increases in short-term international currency activities by hedge funds.
B. Increases in long-term foreign financial investments by large institutional investors.
C. Increases in the U.S. long term government bond yields.
D. Both (a) and (b)
Answer:D
The 2001-2007 rapid growth in global foreign exchange trading can be explained by:
A. Large increases in short-term international currency activities by hedge funds. B. Increases in long-term foreign financial investments by large institutional investors. C. Increases in the U.S. long term government bond yields. D. Both (a) and (b)