արդյունավետ կապիտալի շուկա

արդյունավետ կապիտալի շուկա

An asset market in which, at a minimum, current price changes are independent of past price changes, or, more strongly, price reflects all (publicly) available information. Some believe foreign exchange markets to be efficient, which in turn implies that future exchange rates cannot profitably be predicted.

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Company: University of Michigan
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