CFA Practice Question

There are 275 practice questions for this study session.

CFA Practice Question

If there are well-developed markets that trade instruments that help people solve their financial problems, we say the financial system ______

A. has complete markets.
B. is operationally efficient.
C. is informationally efficient.
Correct Answer: A

The financial system has complete markets if the assets and contracts needed to solve financial problems are available to trade.

User Contributed Comments 1

User Comment
johntan1979 Complete markets: The instruments to solve investment and risk management problems are available to trade.
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