Which of the Following Statements Is (Are) Correct

question 86

Multiple Choice

Which of the following statements is (are) correct?

• A) If a market is weak-form efficient, it is also semistrong- and strong-form efficient.
• B) If a market is semistrong-form efficient, it is also strong-form efficient.
• C) If a market is strong-form efficient, it is also semistrong- but not weak-form efficient.
• D) If a market is strong-form efficient, it is also semistrong- and weak-form efficient.

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Definitions:

Award

A formal acknowledgment, often involving a monetary gift, given in recognition of an achievement or as a decision in arbitration and legal matters.

Fraudulent Misrepresentation

A false statement made knowingly, without belief in its truth, or recklessly, causing another to enter into a contract.

Rescission

The revocation, cancellation, or repeal of a contract, returning the parties to the positions they occupied before the contract was made.

Damages

Monetary compensation awarded by a court to a plaintiff for losses or injuries suffered as a result of another’s actions.