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Select correct one Using what you learned in class, when you think about the carry trade, on the one hand, and how George Soros bet
Select correct one Using what you learned in class, when you think about the carry trade, on the one hand, and how George Soros bet against politically-determined exchange rates in the case of the British pound and the Thai baht, on the other hand, which of the following statements is true? a. When betting against a politically-determined exchange rate, it is to the benefit of the person making the bet to get as many friends as possible to imitate them and make the same bet. But with the carry trade, it can be self-defeating to have too many friends imitate you and make the same bet. b. With both the carry trade and with how George Soros bet against politically-determined exchange rates, it is to the benefit of the person making the trade/bet in both cases to get as many friends as possible to imitate them and make the same bet
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