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A Market for Securities in Which Information Is Quickly and Widely

question 9

Multiple Choice

A market for securities in which information is quickly and widely disseminated, thereby allowing each security's price to adjust rapidly in an unbiased manner to new information so that the price reflects investment value is known as a(an) ____ efficient market.


Definitions:

Gross Primary Productivity

The total rate at which an ecosystem's producers, like plants, convert solar energy into organic substances through photosynthesis.

Photosynthesis

is the process by which green plants, algae, and some bacteria convert light energy into chemical energy, producing oxygen and glucose from carbon dioxide and water.

Detritivores

Organisms that feed on dead organic material, especially plant detritus.

Saprotrophs

Organisms that feed on or derive nourishment from decaying organic matter, playing a vital role in decomposition and nutrient cycling.

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