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Basic Question 1 of 13
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 was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
describe market efficiency and related concepts, including their importance to investment practitioners
contrast market value and intrinsic value
explain factors that affect a market's efficiency
CFA® 2025 Level I Curriculum, Volume 3, Module 3.