A Recent Survey of U

Multiple Choice

A recent survey of U.S.foreign exchange traders measured traders' perceptions about how fast news events that cause movements in exchange rates actually change the exchange rate.The survey respondents claim that the bulk of the adjustment to economic announcements regarding unemployment,trade deficits,inflation,GDP,and the Federal funds rate takes place within

A) ten seconds.
B) one minute.
C) five minutes.
D) one hour.