October 21st, 2020 
Briefly answer these questions.
1. In what major ways do stocks differ from bonds?
2. What are weak form, semi-strong form, and strong form efficiency? Does one form of efficiency imply another? Which form of market efficiency do you believe best describes the market? Why?
3.A British bank has borrowed dollars in the United States, but is now concerned about its currency risk. What alternatives does it have to limit its risk? Be specific.
4.Explain how a drop in the value of the dollar could affect the U.S. import and export sectors.
Thank you!
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