A perfect market is free of transactions costs and any impediment to the interaction of supply and demand for the commodity. Economists refer to these various costs and impediments as frictions. In regards to financial markets, describe four of impediments or frictions.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q45: Name and describe the two different major
Q46: Commissions are all of the brokerage costs
Q47: A dealer acts as an auctioneer in
Q48: In the United States, secondary trading of
Q49: A perfect market does not allow the
Q51: Many secondary markets are continuous, which means
Q52: The combination of the decreased risk and
Q53: Pricing efficiency refers to a market where
Q54: What is a broker and how can
Q55: Call auctions provide for fixed price auctions
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents