A Market Is Efficient If Prices of Financial Instruments Quickly

question 96

True/False

A market is efficient if prices of financial instruments quickly reflect new public information made available to traders.

---

Definitions:

Marsupial

A class of mammals, primarily found in Australia and the Americas, characterized by giving birth to relatively undeveloped offspring that typically complete their development in a pouch.

Echinoderms

A phylum of marine animals including sea stars, sea urchins, and sand dollars, known for their radial symmetry and a water vascular system.

Chordates

Animals that at some stage of development have a notochord, a dorsal nerve cord, pharyngeal slits, an endostyle, and a post-anal tail, comprising all vertebrates and several closely related invertebrates.

Exoskeleton

A rigid external covering for the body in some invertebrate animals, especially arthropods, providing both support and protection.