If Exchange Markets Were Not Efficient, It Would Pay for a Firm

question 33

True/False

If exchange markets were not efficient, it would pay for a firm to spend resources on forecasting exchange rates.

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Definitions:

Presentment Warranty

Assurance given in a transaction that certain facts are true as of the time of the deal, generally related to financial instruments.

Draft

A preliminary version of a document, plan, or design that is open for discussion, revision, or improvement.

Forged

Refers to the illegal creation, alteration, or imitation of documents, signatures, or objects with the intent to deceive.

Unauthorized Drawer's Signature

A signature on a financial or legal document that was made without the consent or authorization of the person purported to have signed.