Describe the term efficient market

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Carefully explain what is meant by the term efficient market. Art there different levels of market efficiency? What are those levels?

Explain what is meant by informational asymmetries. What problem can these asymmetries create for participants in the money and capital markets?

 

Reference no: EM1349719

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Describe the term efficient market : Carefully describe what is meant by the term efficient market. Art there different levels of market efficiency discuss those levels?
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