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According to the Efficient Markets Approach, the best forecast for the future exchange rate is: A. Todays spot and forward exchange rates B. The moving

According to the Efficient Markets Approach, the best forecast for the future exchange rate is:

A.

Todays spot and forward exchange rates

B.

The moving average of the spot exchange rates in the last five days

C.

The exchange rate predicted by an econometric model of the economy

D.

None of the answers here are correct

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