At Which Level of Market Efficiency Does the Efficient Market

question 71

Multiple Choice

At which level of market efficiency does the efficient market hypothesis support the technical analysis approach to future share price determination?

• A) Weak-form efficiency
• B) Semi-strong form efficiency
• C) Strong-form efficiency
• D) None of the given answers

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Definitions:

Elation

A feeling or state of great joy or pride; elevated spirits or happiness.

Mania

A mental state characterized by extremely elevated mood, energy, and unusual thought patterns, often seen in bipolar disorder.

Negative Mood

A general, enduring state of mind characterized by negative emotions such as sadness, anxiety, or irritability.

Critical Thinking

Thinking that does not blindly accept arguments and conclusions. Rather, it examines assumptions, appraises the source, discerns hidden biases, evaluates evidence, and assesses conclusions.