Multiple Choice
Which one of the following statements is NOT true?
A) The overall efficiency of a capital market depends on its operational efficiency and its informational efficiency.
B) Operational efficiency focuses on bringing buyers and sellers together at the lowest possible cost.
C) If market prices reflect all relevant information about securities at a particular point in time, the market is operationally efficient.
D) All of the above are true.
Correct Answer:
Verified
Correct Answer:
Verified
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