What does it mean for a financial market to be considered (a) Informationally efficient (b) Economically efficient?

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What does it mean for a financial market to be considered

(a) Informationally efficient

(b) Economically efficient?

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CFIN

ISBN: 978-1305666870

5th edition

Authors: Scott Besley, Eugene Brigham

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Question Posted: Jan 31, 2020 09:41 AM

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What does it mean for a financial market to be considered (a) Informationally efficient (b) Economically efficient?

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a b In economically efficient markets funds are allocated to their optimal use at the lowest ...View the full answer

CFIN

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