What are Fama's three levels of market efficiency?

Question

Quizplus · Accepted Answer

Fama's three levels of market efficiency are strong, semi-strong, and weak. The strong form of efficiency assumes that all information, both public and private, is reflected in stock prices. The semi-strong form assumes that all public information is reflected in stock prices, while the weak form assumes that only past prices and trading volume data are reflected in current stock prices. Therefore, option B, which includes the correct levels of efficiency, is the best choice.

What Are Fama's Three Levels of Market Efficiency