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 the above.

Question

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 the above.

Quizplus · Accepted Answer

This is because weak-form efficiency only takes into account past prices and trends, but not all public information, which implies that the current exchange rate does not include all the relevant information, and therefore the market is not fully efficient.

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