If the Weak Form of Market Efficiency Holds Then

question 50

Multiple Choice

If the weak form of market efficiency holds then:
I. Technical analysis is useless
II. Stock prices reflect information contained in past prices
III. Stock price changes follow a random walk

• A) I only
• B) I and II only
• C) I, II, and III
• D) I and III only

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Definitions:

Offering for Sale

This refers to the act of making goods or services available to purchasers or buyers in the market.

Lanham Act

A federal statute that provides protection to trademarks, service marks, and unfair competition in the market.

First Amendment

A part of the United States Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition.

Disparaging

Making belittling or derogatory statements or comments about someone or something.