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Which of the following describes an efficient market? A marketplace where funds are traded between suppliers of capital and those in need of capital. A

Which of the following describes an efficient market?
A marketplace where funds are traded between suppliers of capital and those in need of capital.
A market in which security prices correctly reflect all publicly-available information.
A portfolio of funds raised by a particular investor.
A market in which investors earn a return with a high standard deviation.

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