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Basic Question 5 of 6
Internal (operational) efficiency means that a market ______
B. is highly automated, and few persons are required to operate the market.
C. can process a large number of transactions during a trading session.
D. reports prices of completed trades in a quick and timely manner.
A. has low transaction costs for buyers and sellers.
B. is highly automated, and few persons are required to operate the market.
C. can process a large number of transactions during a trading session.
D. reports prices of completed trades in a quick and timely manner.
User Contributed Comments 2
| User | Comment |
|---|---|
| Creg | operation = cost |
| soarer1 | nice one |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe characteristics of a well-functioning financial system
CFA® 2024 Level I Curriculum, Volume 3, Module 1.