An American firm that buys foreign exchange because its managers expect the dollar to depreciate is
A) increasing the supply of foreign exchange.
B) decreasing the demand for foreign exchange.
C) speculating.
D) hedging.
Question 2
From the late 1940s until the creation of the WTO, the organization that was primarily responsible for conducting rounds of trade negotiations was the
A) World Bank.
B) IMF.
C) United Nations.
D) GATT.