1. Which of the followings describe the characteristics of a good market?

1. Intolerable transaction costs.
2. The prices of shares do not adjust quickly to the arise of new information.
3. Past transaction information is available timely and accurately.
4. Information on past event is not freely available to investors. (2 marks)

2. The types of financial instruments consist of:

1. Precious metal
2. Derivatives
3. Cash and cash equivalent
4. Equity

1. I and II
2. I, II and III
3. I, III and IV
4. D. All of the above (2 marks)