The Kumquat Exchange Is Characterized by High Transaction Costs and Very

question 32

Multiple Choice

The Kumquat Exchange is characterized by high transaction costs and very infrequent trading.This exchange is likely to have:

• A) informational efficiency and operational efficiency.
• B) informational inefficiency and operational efficiency.
• C) informational efficiency and operational inefficiency.
• D) informational inefficiency and operational inefficiency.

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Definitions:

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