Foreign Exchange Markets Are Generally Found to Be at Least

question 57

Multiple Choice

Foreign exchange markets are generally found to be at least ____ efficient, which implies that all public information is considered within the markets.

• A) weak-form
• B) semistrong-form
• C) purchasing power purity form
• D) None of these are correct.

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Definitions:

Marginal Cost

The monetary outlay for producing an additional unit of a good or service.

Fixed Costs

Expenses that do not change in the short term regardless of the level of production or sales, such as rent and salaries.

Average Total Cost Curve

A graph that shows the per unit cost of production at various levels of output.

Short-Run

A time period in which at least one factor of production is fixed, limiting the ability of firms to adjust to changes in market conditions fully.