If Foreign Exchange Markets Are Strong-Form Efficient, Then All Relevant

question 2

True/False

If foreign exchange markets are strong-form efficient, then all relevant public and private information is already reflected in today's exchange rates.

---

Definitions:

Raw Material

The basic material from which a product is made, often used in manufacturing or production processes.

Pounds

A unit of weight commonly used in the British, United States customary and other systems of measurement.

Work in Process

Inventory that includes materials that have been partially processed but are not yet finished goods.

Standard Costs

Estimated or predetermined costs of manufacturing, selling, or doing something, which are used for budgetary and costing purposes.