The Implication of Efficient Capital Markets and a Lack of Superior

question 55

Multiple Choice

The implication of efficient capital markets and a lack of superior analysts have led to the introduction of

• A) Balanced funds.
• B) Naive funds.
• C) January funds.
• D) Index funds.
• E) Futures options.

---

Definitions:

Learning

The acquisition of knowledge, skills, attitudes, or behaviors through study, experience, or teaching.

Permanent

Permanent describes a state or condition that is intended to last or remain unchanged indefinitely, without an endpoint.

Learning

A process that results in a relatively permanent change in behavior or knowledge, due to experience.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences through experience, study, or teaching.