If the foreign exchange market is ____ efficient, then historical and current exchange rate information is not useful for forecasting exchange rate movements.
A)weak-form
B)semistrong-form
C)strong-form
D)all of the above

Question

Quizplus · Accepted Answer

In an efficient foreign exchange market, regardless of the level (weak-form, semistrong-form, or strong-form), historical and current exchange rate information is considered to be already reflected in current exchange rates, making it not useful for forecasting future movements.

If the Foreign Exchange Market Is ____ Efficient, Then Historical