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The foreign exchange market is NOT efficient because A market participants do not compete with one another due to the fact that exchange takes place around the world and not in a single centralized

The foreign exchange market is NOT efficient because
A) market participants do not compete with one another due to the fact that exchange takes place around the
world and not in a single centralized location.
B) dealers have ask prices that are higher than bid prices. 
3 | P a g e F i n a l E x a m - I n t e r n a t i o n a l F i n a n c e
C) central governments dominate the foreign exchange market and everybody knows that by definition, central
governments are inefficient.
D) none of the reasons listed are accurate because the foreign exchange market is efficient. 

Apr 17 2021 View more View Less

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