Multiple Choice
If a particular currency is consistently declining substantially over time, then a market-based forecast of a currency in a developed country will usually have:
A) underestimated the future exchange rates over time.
B) overestimated the future exchange rates over time.
C) forecasted future exchange rates accurately.
D) forecasted future exchange rates inaccurately but without any bias toward consistent underestimating or overestimating.
Correct Answer:

Verified
Correct Answer:
Verified
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