Which of the Following Is NOT a Criterion for an Efficient

question 10

Multiple Choice

Which of the following is NOT a criterion for an efficient market?

• A) Prices adjust rapidly to new information.
• B) Large dollar amounts of securities can be absorbed without price destabilization.
• C) Each successive trade is made at a price close to the previous trade.
• D) Computerized handling of transactions is necessary.

Appreciate the historical and modern uses of negotiable instruments in business transactions.

Recognize the legal outcomes of dishonored drafts and the implications of "without recourse" endorsements.

Understand the legal requirements and implications of accepting drafts.

Grasp the correct procedures for endorsing checks and the effects of endorsement orders on negotiability.

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Definitions:

Skills And Abilities

The competencies and capabilities that an individual possesses, which enable them to perform tasks effectively.

Résumé

A document summarizing an individual's background, including education, work experience, and skills, used as part of job applications.

Résumé

A resume is a tool individuals use to display their work history, abilities, and achievements, usually with the goal of obtaining a job.

Job Changes

The process of leaving one employment position and starting another, which may involve a change in company, role, or industry.