- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 8. Currency Exchange Rates: Understanding Equilibrium Value
- Subject 5. The Impact of Balance of Payments Flows
CFA Practice Question
The long-run correlation between the U.S. equity market and the dollar is:
B. close to zero.
C. highly negative.
A. highly positive.
B. close to zero.
C. highly negative.
Correct Answer: B
It's difficult to predict exchange rate movements based solely on expected equity market performances.
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