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Which of the following statements is incorrect? According to the strong-form of the efficient market hypothesis, the market for a security is perfectly informationally efficient

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Which of the following statements is incorrect? According to the strong-form of the efficient market hypothesis, the market for a security is perfectly informationally efficient if the security's price always reflects all information both public and private. The loans of the business finance companies are never secured by accounts receivable or inventory but rather based on trust among the companies. O Real rate of interest is an interest rate determined in the absence of inflation All the answers are correct except one. Money market instruments are lower in risk than other securities because of their high liquidity and low default risk. Question 35 1 pts If you just purchased a share of IBM through a New York Stock Exchange-based transaction, you participated in O a commodity market transaction a secondary market transaction, O a futures market transaction a primary market transaction. a money market transaction

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