The ________ School of Thought Argues That Forward Exchange Rates

question 2

Multiple Choice

The ________ school of thought argues that forward exchange rates do the best possible job of forecasting future spot rates and therefore investing in forecasting services would be a waste of money.

• A) inefficient market
• B) efficient market
• C) random walk
• D) speculative

---

Definitions:

Psychic

Pertaining to phenomena or abilities claimed to be beyond the natural physical laws, such as extrasensory perception or telekinesis.

Poison

A substance that is capable of causing illness or death to organisms, typically by chemical reaction or other activity on the molecular scale, when an adequate quantity is absorbed.

Anecdotes

Short, often amusing or interesting stories about a real incident or person, typically used to illustrate or support a point.

ESP

Extrasensory perception, which is the claimed ability to gain information through the mind without the use of the traditional five senses.