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polet [3.4K]
3 years ago
5

An ineffective market is one in which prices do not reflect all available information, so forward exchange rates will not be the

best predictors of future spot exchange rates.
True or False?
Business
1 answer:
jok3333 [9.3K]3 years ago
3 0

Answer:

The statement is: False.

Explanation:

Many economists believe the foreign exchange market is efficient enough to set forward rates -rates applicable in the future, thus, it is non-sense to spend money on trying to forecast exchange rate changes in the short run. This is because different studies have shown that most forward rates predictions have been more accurate than publicly available information.

Efficiency is understood as the characteristic of a market to display all available public information in the assets price, according to the Efficient Market Hypothesis (EMH).

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6 0
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The following information was used in reconciling the bank account for Minerva Company on October 31: Balance per bank, October
Strike441 [17]

Answer: A $37.280.

Explanation:

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3 years ago
When fraud examiners investigate a bankruptcy or divorce resulting from fraud, where do they focus?
suter [353]

activity shortly before the bankruptcy filing or divorce

Answer:c

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3 years ago
Vetox sells industrial chemicals. One of their inputs can be purchased in either jugs or barrels. A jug contains one gallon, whi
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So the last option is correct

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3 years ago
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tama po yan

(- -) (- -)

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