Multiple Choice
The _____________ market school argues that forward exchange rates do the best possible job of forecasting future spot exchange rates,so investing in exchange rate forecasting services would be a waste of time.
A) efficient
B) closed
C) inefficient
D) free
E) open
Correct Answer:

Verified
Correct Answer:
Verified
Q104: A government restricts the convertibility of its
Q105: _ determines whether the rate of growth
Q106: A currency is said to be externally
Q107: _ is based on the premise that
Q108: The foreign exchange market converts the currency
Q110: An importer enters into a 60 day
Q111: A(n)_ is a market in which few
Q112: Without the _ market,international trade and international
Q113: _ exchange rates represent market participants' collective
Q114: When two parties agree to exchange currency