7- Foreign exchange markets are generally found to be at least efficient. a. weak-form b. semistrong-form c. strong form d. none of the above 8- Purchasing power parity is used in: technical forecasting. a. b. fundamental forecasting. c. market-based accounting. d. all of the above. 9- If speculators expect the spot rate of the yen in 60 days to be yen, they will the yen forward and put a. higher; buy; upward b. higher; sell; downward c. higher; sell; upward d. lower; buy; upward than the 60-day forward rate on the pressure on the yen's forward rate. 10- Which of the following is not one of the major reasons for MNCs to forecast exchange rates? a. to decide in which foreign market to invest the excess cash. b. to decide where to borrow at the lowest cost. c. to determine whether to require the subsidiary to remit the funds or invest them locally. d. to speculate on the exchange rate movements