Use the following statements to answer this question:
I.Improvements in securities laws have helped in curbing fraudulent activities.
II.Asymmetry of information is the major source of frauds in financial markets.

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Quizplus · Accepted Answer

Both statements are correct. Improvements in securities laws have indeed helped in reducing fraudulent activities by making markets more transparent and regulated. Asymmetry of information, where one party has more or better information than the other, is a significant source of fraud in financial markets, as it can lead to exploitation and unfair practices.

Use the Following Statements to Answer This Question