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Q4. You have one million USD to invest. You are considering choosing one of the two alternatives below. (1) Fill out the blank (a). (2)

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Q4. You have one million USD to invest. You are considering choosing one of the two alternatives below. (1) Fill out the blank (a). (2) If you are a carry trader, which alternatives would you choose? (3) If you believe that the value of GBP is negatively correlated with your personal income and that the value of JPY is positively correlated with your personal income, would you change your answer to (2)

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