- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics
- Reading 10. Currency Exchange Rates: Understanding Equilibrium Value
- Subject 5. The Impact of Balance of Payments Flows
CFA Practice Question
When predicting exchange rate movements, which factor is least likely to be used?
A. nominal yield spread.
B. expected equity market performances.
C. expected inflation differential.
Explanation: The relationship between equity market performance and exchange rates is not stable.
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