The _____ school of thought 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.

Question

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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