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Which of the following is evidence that foreign stock markets are less efficient than U.S. stock markets? - foreign markets use the currency of the
Which of the following is evidence that foreign stock markets are less efficient than U.S. stock markets?
- foreign markets use the currency of the country in which they are located.
- mutual funds managers are more likely to beat European or developing market indexes.
- US investors have more funds invested in US securities
- foreign companies pay lower taxes than US companies
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