The ______________ market school argues that companies can improve the foreign exchange market's estimate of future exchange rates by investing in forecasting services.

Question

Quizplus · Accepted Answer

The efficient market school argues that all available information is already reflected in current exchange rates, and therefore it is impossible to consistently outperform the market using any information, including forecasts. Therefore, investing in forecasting services is not recommended according to this school.

The ______________ Market School Argues That Companies Can Improve the Foreign