If today's exchange rate reflects any historical trends in Canadian dollar exchange rate movements, but not all relevant public information, then the Canadian dollar market is:
A) weak-form efficient.
B) semistrong-form efficient.
C) strong-form efficient.
D) All of these are correct.

Question

Quizplus · Accepted Answer

If the exchange rate only reflects historical trends and not all relevant public information, then the market is only incorporating past price movements and is not incorporating any current or future information. This suggests that the market may not be fully efficient, but rather only weak-form efficient as it is only incorporating historical data. Therefore, the answer is A) weak-form efficient.

If Today's Exchange Rate Reflects Any Historical Trends in Canadian