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Basic Question 3 of 5
Market completeness refers to the ability of an investor to ______.
B. achieve no desired payoffs
C. avoid transactions costs
A. achieve any desired payoff
B. achieve no desired payoffs
C. avoid transactions costs
User Contributed Comments 2
| User | Comment |
|---|---|
| ankurwa10 | for the sake of these notes; market completeness --> investors get to make payoffs. |
| Kiniry | Lol at B |
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 benefits and risks of derivative instruments
CFA® 2025 Level I Curriculum, Volume 5, Module 3.