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Which of the following is false regarding investment and speculation? Speculators create liquidity Investors hold properties for a reasonable amount of time and derive an

Which of the following is false regarding investment and speculation?

Speculators create liquidity

Investors hold properties for a reasonable amount of time and derive an income from earnings

Speculators are prepared to take on risk that investors would normally avoid

Speculators' view is short-term and are normally destructive for the markets

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