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

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Definitions:

Sensory Deficit

A condition where one or more of the senses (sight, sound, taste, touch, smell) are impaired.

Adaptation

The process of adjusting or changing to become suitable for a new environment or to better suit a specific situation or condition.

Assessment

The evaluation or estimation of the nature, quality, or ability of someone or something, especially in the context of health care to diagnose or determine the extent of illnesses.

Expressive Aphasia

A neurological condition characterized by difficulties in producing spoken language despite normal comprehension.