In 1992, when fund manager George Soros made $1 billion in a month by short selling the British pound and then bought them back after the pound fell by 10%. What financial product did he use (e. g. a forward contract, non-deliverable forward, futures, options, swaps ) ?

The blank is type of decision-maker who over analyzes information

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.