The Efficient Markets Hypothesis Implies That Future Changes in Exchange

question 76

Multiple Choice

The efficient markets hypothesis implies that future changes in exchange rates should for all practical purposes be

• A)unpredictable.
• B)set by each country.
• C)increasing.
• D)pegged to a standard such as the U.S. dollar or the Euro.

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Definitions:

Appraisal

The act of assessing something or someone, in psychology, often refers to the evaluation of situations as to their significance for an individual's well-being.

Instrumental Aid

Assistance provided through means or tools that contribute directly to achieving a task or goal.

Socializing

The process of interacting with others to build relationships, learn social norms, and develop social skills.

Type A Behavior Pattern

A personality trait characterized by high levels of competitiveness, aggressiveness, impatience, and a constant sense of urgency, often associated with an increased risk of heart disease.