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Basic Question 0 of 11
Which statement is true?
II. Arbitrage activities contribute to market efficiency.
I. Trading limitations contribute to market efficiency.
II. Arbitrage activities contribute to market efficiency.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe tools and techniques used in financial analysis, including their uses and limitations
CFA® 2025 Level I Curriculum, Volume 3, Module 11.