Foreign exchange rates, like stock prices, should follow a random walk. Is this statement true, false, or

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Foreign exchange rates, like stock prices, should follow a random walk. Is this statement true, false, or uncertain? Explain your answer.

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:17 AM

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Foreign exchange rates, like stock prices, should follow a random walk. Is this statement true, false, or

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True in principle Foreign exchange rates are a random walk over a short interval such ...View the full answer

Economics of Money, Banking and Financial Markets

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