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Basic Question 0 of 11
Which of the following is true concerning an efficient market?
II. Market price adjustments are biased some of the time.
III. Market prices may over-adjust or under-adjust at times but adjustments are always unbiased.
I. Market prices never over-adjust.
II. Market price adjustments are biased some of the time.
III. Market prices may over-adjust or under-adjust at times but adjustments are always unbiased.
User Contributed Comments 3
| User | Comment |
|---|---|
| achu | Good question and an important concept. |
| todolist | Good Q |
| tomalot | Good comments |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
analyze an industry's structure and external influences using Porter's Five Forces and PESTLE frameworks
CFA® 2025 Level I Curriculum, Volume 3, Module 6.