Question: 8. Exchange rate forecasting: Market-based forecasting 1. 2. STEP: 1 of 2 Consider a company that uses market-based forecasting to estimate future exchange rates. The

 8. Exchange rate forecasting: Market-based forecasting 1. 2. STEP: 1 of

8. Exchange rate forecasting: Market-based forecasting 1. 2. STEP: 1 of 2 Consider a company that uses market-based forecasting to estimate future exchange rates. The forward rate is a good predictor of the future spot rate. True False

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