If the Markets Are Efficient, Then Asset Allocation Is __________

question 33

Multiple Choice

If the markets are efficient, then asset allocation is __________ and security selection is __________.

• A) still important; less important
• B) still important; still important
• C) still important; extremely critical
• D) not important; less important
• E) not important; still important

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Definitions:

Obscene Speech

Expression or content deemed offensive or morally unacceptable by societal standards, often subject to legal restrictions.

First Amendment

An amendment to the U.S. Constitution that guarantees freedoms concerning religion, expression, assembly, and the right to petition.

Establishment Clause

The provision in the First Amendment to the U.S. Constitution that prohibits Congress from creating any law “respecting an establishment of religion.”

Free Exercise Clause

A section within the First Amendment of the U.S. Constitution that prohibits the government from interfering with individuals' practice of their religion.