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Basic Question 6 of 6
If there are well-developed markets that trade instruments that help people solve their financial problems, we say the financial system ______
B. is operationally efficient.
C. is informationally efficient.
A. has complete markets.
B. is operationally efficient.
C. is informationally efficient.
User Contributed Comments 1
| User | Comment |
|---|---|
| johntan1979 | Complete markets: The instruments to solve investment and risk management problems are available to trade. |
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.