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AysviL [449]
2 years ago
10

When currency traders move as a herd in the same direction at the same time, such as what occurred when George Soros bet against

the British pound in 1992, a(n) _____ occurs.
Business
1 answer:
Nataly_w [17]2 years ago
4 0

Answer: Bandwagon Effect

Explanation:

The bandwagon effect is simply used to describe a scenario that occurs when people behave in certain ways simply because others are doing the same thing.

In this case, when currency traders move as a herd in the same direction at the same time, such as what occurred when George Soros bet against the British pound, this shows that a bandwagon effect occured.

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