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    Fundamentals of Multinational Finance Study Set 2
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    Exam 8: Foreign Exchange Rate Determination
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    The More INEFFICIENT the Market Is, the More Likely It
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The More INEFFICIENT the Market Is, the More Likely It

Question 39

Question 39

True/False

The more INEFFICIENT the market is, the more likely it is that exchange rates are "random walks," with past price behavior providing no clues to the future.

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