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

Question

Quizplus · Accepted Answer

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

The ________ School of Thought Argues That Forward Exchange Rates