1. According to the efficient market hypothesis, the current price of a financial security: * a) is the discounted net present value of future interest payments. b) is determined by the highest successful bidder. c) fully reflects all available relevant information, O d) All of the above O d) None of the above, 2. Money markets are markets for a) Foreign currencies b) Common stocks. c) Long-term bonds. O d) Short-term debt securities such as Treasury bills and commercial paper. O e) None of the above EN