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Basic Question 0 of 4

Which statement is true?

I. Trading limitations contribute to market efficiency.
II. Arbitrage activities contribute to market efficiency.

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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

calculate and interpret activity, liquidity, solvency, and profitability ratios

describe relationships among ratios and evaluate a company using ratio analysis

CFA® 2025 Level I Curriculum, Volume 3, Module 11.