If security prices fully reflect all relevant information available and usable,a securities market is said to be:
A)rational.
B)in equilibrium.
C)effective.
D)efficient.

Question

Quizplus · Accepted Answer

An efficient securities market is one where prices fully reflect all relevant information available and usable, making it impossible to consistently achieve abnormal returns. The other choices (A, B, and C) are related to market behavior and are not specifically related to the concept of information efficiency.

If Security Prices Fully Reflect All Relevant Information Available and Usable,a