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Business, 26.11.2020 18:40 layla07

Traders at a stock exchange notice that five traders on the floor seem to be selling more yen and purchasing more euros because of an expected decline in the yen. As a result, all other traders started to do the same. This is an example of the that creates a self-fulfilling prophecy when the yen does decline in value. a. difference principle
b. tragedy of the commons
c. arbitration process
d. bandwagon effect
e. spot exchange rate

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