If market efficiency is identified with parity, currency markets that are ________ provide no opportunities for currency traders to earn profits
A) not in parity
B) in parity
C) in interest rate parity only
D) in purchasing power parity
Answer: B
Business
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Professor Marshall McLuhan has become known for predicting ________
A) unimaginable growth in computer-related equipment B) the world would become a "global village" C) the death of the newspaper D) the emergence of mass communication
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When a firm's pretax income is more volatile,
A) the benefits of hedging currency risk are smaller. B) the benefits of hedging currency risk are greater. C) hedging will produce mixed benefits to the firm. D) it is not possible to determines whether any benefits are greater.
Business