Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
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 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 characteristics of a well-functioning financial system
CFA® 2024 Level I Curriculum, Volume 3, Module 1.