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.

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Definitions:

Income

Earnings acquired, frequently on a steady basis, through employment or investing activities.

Consumer Equilibrium

The point at which the quantity of goods and services a consumer chooses to buy equates to the maximum satisfaction or utility for their budget.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods.

Consumer Equilibrium

The point at which an individual's income is perfectly balanced with their consumption preferences, maximizing utility.