- CFA Exams
- CFA Level I Exam
- Study Session 12. Equity Investments (1)
- Reading 36. Market Organization and Structure
- Subject 8. Well-Functioning Financial Systems
CFA Practice Question
A security market with price continuity is most accurately characterized as a market in which ______
A. assets can be bought or sold quickly with minimal transaction costs.
B. prices change rapidly from one transaction to the next in response to new information.
C. prices do not change much from one transaction to the next in the absence of new information.
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