The efficient market view holds that ________.
A) companies can search for new pieces of information to improve forecasting
B) forward exchange rates provide the least accurate forecasts of future exchange rates
C) companies must spend time and money collecting and examining information believed to affect future exchange rates
D) prices of financial instruments reflect all publicly available information at any given time
Question 2
According to the efficient market view, future exchange rates are most accurately forecasted by ________.
A) forward exchange rates
B) cross rate
C) interbank interest rates
D) buy rate
