CFA Practice Question

There are 206 practice questions for this study session.

CFA Practice Question

Market completeness refers to the ability of an investor to ______.

A. achieve any desired payoff
B. achieve no desired payoffs
C. avoid transactions costs
Correct Answer: A

Selection A describes the situation of a market that is perfectly complete.

User Contributed Comments 2

User Comment
ankurwa10 for the sake of these notes; market completeness --> investors get to make payoffs.
Kiniry Lol at B
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