When a Market Is Internally Efficient,it Means That

question 76

Multiple Choice

When a market is internally efficient,it means that

• A) The market has price continuity.
• B) The market has minimal transactions costs
• C) The market has good depth
• D) The market has more buyers than sellers
• E) The market has more sellers than buyers

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Definitions:

Receipts

Documents that acknowledge the receiving of goods, services, or payments, serving as proof of transaction or payment.

Disbursements

Payments made by a business or organization, typically involving the payment of cash expenditures, payroll, or other financial outflows.

Revenue

The total amount of money earned from the sale of goods and services before any expenses are subtracted.

Cash Basis

A method of accounting that records transactions when cash is received or paid out rather than when they are incurred.