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    Money Banking and Financial Markets
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    Exam 7: The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis
  5. Question
    The Efficient Markets Hypothesis Implies That Future Changes in Exchange
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The Efficient Markets Hypothesis Implies That Future Changes in Exchange

Question 76

Question 76

Multiple Choice

The efficient markets hypothesis implies that future changes in exchange rates should for all practical purposes be


A) unpredictable.
B) set by each country.
C) increasing.
D) pegged to a standard such as the U.S. dollar or the Euro.

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