Identify the types of inefficiency (allocational, operational, or informational) described below: a. The Lower Red River stock

Question:

Identify the types of inefficiency (allocational, operational, or informational) described below:
a. The Lower Red River stock market is characterized by very high transaction costs and, due to frequent flooding, transaction orders are often lost.
b. In the markets of the country of Upper Lachine, firms can only issue very long-term debt (35-year or more) and stock.
c. The Middle Bow River Market is a small stock market where trading can only occur on Thursdays. Newspapers are published every day.

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...