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Basic Question 4 of 6
A well-functioning market ______
II. provides buyers and sellers with timely and accurate information on the volume and prices of past transactions.
III. rapidly adjusts to new information about the fair value of a security.
I. has low transactions costs.
II. provides buyers and sellers with timely and accurate information on the volume and prices of past transactions.
III. rapidly adjusts to new information about the fair value of a security.
User Contributed Comments 3
| User | Comment |
|---|---|
| mpapwa22 | All three are charecteristics of a well function functioning market. |
| farhan92 | ^sherlock holmes |
| khalifa92 | finally something I can relate to the LOS I read. |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe characteristics of a well-functioning financial system
CFA® 2024 Level I Curriculum, Volume 3, Module 1.