- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 36. Market Organization and Structure
- Subject 8. Well-Functioning Financial Systems
CFA Practice Question
Which of the following are characteristics of good financial markets for investors?
II. Liquidity
III. Large bid-ask spreads
IV. Rapid price adjustments to new information
I. Availability of timely and accurate information
II. Liquidity
III. Large bid-ask spreads
IV. Rapid price adjustments to new information
A. I and IV only
B. I, II, and IV only
C. I, II, III, and IV
User Contributed Comments 1
| User | Comment |
|---|---|
| Dinosaur | large bid to ask spreads would prob mean low liquidity |