How is it possible to make a profit from buying and selling currency?

A. The value of currency always stays the same, but you can exchange money for currency that is more valuable to make a profit.

B. The value of currency changes over time, so you can buy a country’s currency when its value is low and sell it when it is higher.

C. The value of currency changes over time, so you can buy a country’s currency when its value is high and sell it when it is lower.

D. The value of currency is always going up, so you can buy currency, hold onto it, and then sell it later to make a profit.

Question

22-07-2016
Social Studies

contestada

How is it possible to make a profit from buying and selling currency?

A. The value of currency always stays the same, but you can exchange money for currency that is more valuable to make a profit.

B. The value of currency changes over time, so you can buy a country’s currency when its value is low and sell it when it is higher.

C. The value of currency changes over time, so you can buy a country’s currency when its value is high and sell it when it is lower.

D. The value of currency is always going up, so you can buy currency, hold onto it, and then sell it later to make a profit.

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gerardway246 gerardway246 · Answer 1 · 2016-07-22T05:16:57+02:00

The value of currency changes over time, so you can buy a country’s currency when its value is low and sell it when it is higher.

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The value of currency changes, so only options 2 and 3 are possible candidates.

Option 3 is incorrect because you certainly don't make a profit by buying something when its value is high and selling it when the value is lower.

Option 1 is incorrect because the value of currency does not stay the same over time.

Option 4 is incorrect because the value of currency is not always necessarily going up.

kittensockzz kittensockzz · Answer 2 · 2020-04-22T01:18:22+02:00

kittensockzz kittensockzz

22-04-2020

Answer:

omg

Explanation:

this is so old but im just now learning off of it i hope b is correct

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