From an Investor's Perspective, If the Foreign Exchange Market Is

From an investor's perspective, if the foreign exchange market is efficient, information about expected changes in exchange rates should be widely known and thus reflected in a firm's market value. Only ________ in exchange rates or an ________ foreign exchange market, should cause market value to change.

A) expected changes; efficient
B) unexpected changes; efficient
C) expected changes; inefficient
D) unexpected changes; inefficient

Correct Answer:

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