Author Question: The concept of odious debt implies (a) an excessive debt. (b) a debt that is not the ... (Read 68 times)

danielfitts88 · **on:** Jun 30, 2018

The concept of odious debt implies

(a) an excessive debt.
(b) a debt that is not the responsibility of the nation's people.
(c) a large debt burden.
(d) the total external debt of a nation's people.

Question 2

How do you determine is a foreign exchange market is efficient?

A) See if the market rates adjust quickly to new and relevant information.
B) See if systematic profit opportunities are quickly eliminated.
C) See if forward rates are equal to expected future spot rates.
D) All of the above should be true if a foreign exchange market is efficient.