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11. Short-term trading flows into different currencies are informative about future exchange rate changes because: a. The flows are indicative about increases or decreases in
11. Short-term trading flows into different currencies are informative about future exchange rate changes because: a. The flows are indicative about increases or decreases in demand. b. The flows are serially correlated: Today's inflow is likely to be followed by an inflow tomorrow. c. The flows reflect information about macroeconomic developments that affect currencies. d. b and c
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