Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

What is the best definition of speculation, which was a cause of the Great Depression?

the act of borrowing money for goods and not paying debts
the act of taking great risks in the hope of making large profits
the act of paying too much money for a good that has little value
the act of investing in farming equipment to increase production

Sagot :

Baraq

Answer:

the act of taking great risks in the hope of making large profits

Explanation:

Given that Speculation in business or investment relation is a term that describes a form of financial bargains that comes with a lot of high risks but at the same time with the probability of high returns in the end.

Hence, in this case, the best definition of speculation, which was a cause of the Great Depression is "the act of taking great risks in the hope of making large profits."

Answer:

The act of taking great risks in the hope of making large profits

Explanation:

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.