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) semiweak-form
D) weak-form AND semistrong-form

Question

Quizplus · Accepted Answer

In an efficient foreign exchange market, both weak-form and semistrong-form efficiency imply that past and current information, respectively, are already reflected in current exchange rates, making them not useful for predicting future movements.

If the Foreign Exchange Market Is ____ Efficient, Then Historical