Chapter 10, Problem 3TAI2

Summary Introduction

To Determine:

If it is ethical for global currency speculators to profit on a massive scale by betting against a currency, perhaps setting an entire economy into a tailspin.

Introduction:

Speculators trade in currencies on the big scale which manipulates the national currency value and forces the government to stabilize the currency value resulting in a huge amount of spending.

Speculative currency transactions: Speculative currency transactions include the bidding on a currency rate and earnings profit/ losses on the outcomes.