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Basic Question 3 of 5

Market completeness refers to the ability of an investor to ______.

A. achieve any desired payoff
B. achieve no desired payoffs
C. avoid transactions costs
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User Contributed Comments 2

User Comment
ankurwa10 for the sake of these notes; market completeness --> investors get to make payoffs.
Kiniry Lol at B
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I used your notes and passed ... highly recommended!
Lauren

Lauren

Learning Outcome Statements

describe benefits and risks of derivative instruments

CFA® 2025 Level I Curriculum, Volume 5, Module 3.