One Characteristic of Efficient Markets Is That Prices Adjust Rapidly

question 60

True/False

One characteristic of efficient markets is that prices adjust rapidly to new information.

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Definitions:

Guarantee

A formal promise or assurance, typically in writing, that certain conditions will be met or that a product will perform as stated.

Default

Failure to fulfill a legal obligation or condition, such as not making a scheduled payment on a loan.

Right of Distress

The legal ability of a landlord to seize a tenant's assets for unpaid rent or other dues.

Guarantor

A person or entity that agrees to be responsible for another's debt or obligations in the event that the latter defaults or fails to meet their contractual obligations.