Daily percentage change in an exchange rate

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The daily percentage change in an exchange rate is compared to a normal distribution with the same mean and standard deviation. Which of the following is true

Large and small exchange rate moves are more likely than with the normal distribution

Both small and large exchange rate moves are less likely than with the normal distribution

Small exchange rate moves are less likely and large exchange rate moves are more likely than with the normal distribution

Large exchange rate moves are less likely and small exchange rate moves are more likely than with the normal distribution

Reference no: EM132742278

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