- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 3. Market Efficiency
- Subject 1. The Concept of Market Efficiency
CFA Practice Question
What factors affect a market's efficiency?
II. Information availability
III. Security prices
IV. Limits to trading
V. Interest rates
I. The number of market participants and depth of analyst coverage
II. Information availability
III. Security prices
IV. Limits to trading
V. Interest rates
Correct Answer: I, II and IV
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