Which of the Following Best Explains Why Public Interest Rate

question 20

Multiple Choice

Which of the following best explains why public interest rate forecasts have a low rate of accuracy?

• A) Accurate forecasters do not make their forecasts public.
• B) Reasonably efficient financial markets preclude a forecaster from consistently outguessing the direction of interest rates.
• C) The level of training of forecasters is lagging an evermore sophisticated economy.
• D) (a) and (b) above