Which of the following is NOT an assumption of market efficiency?
A) Instruments denominated in other currencies are perfect substitutes for one another.
B) Transaction costs are low or nonexistent.
C) All relevant information is quickly reflected in both spot and forward exchange markets.
D) All of the above are true.
Answer: D
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Which of the following is a way managers can enhance team cohesiveness?
A. Isolating the group from the actions of competitors or other threats. B. Providing team members precise instructions for their tasks. C. Creating a relatively large team. D. Assigning members randomly to teams. E. Emphasizing members' common characteristics.
The total amount of simple interest calculated annually on a $6,000 note payable for 3 years at 11% is
a. $1,980 b. $2,205 c. $6,600 d. $7,980
In an outsourcing decision, avoidable fixed costs are irrelevant
Indicate whether the statement is true or false
The PW Partnership's balance sheet includes the following assets immediately before it liquidates: Basis FMVCash$10,000 $10,000Unrealized receivables-0- 10,000Total$10,000 $20,000 In complete liquidation, PW distributes the cash to Pamela and the unrealized receivables to Wade (equal partners). Pamela and Wade each have an outside basis in PW equal to $5,000. PW has no liabilities at the time of the liquidation. What is the amount and character of Pamela's recognized gain or loss?
A. $5,000 ordinary income. B. $2,500 capital gain and $2,500 ordinary income. C. $5,000 capital gain. D. $0.