The "efficiency" referred to in the efficient market hypothesis is __________ efficiency.
A) Information
B) Taxation
C) Operational
D) Monetary
E) All of the above

Question

Quizplus · Accepted Answer

The efficient market hypothesis refers specifically to information efficiency, which means that all available information about a security is fully reflected in its market price. While the other types of efficiency listed (taxation, operational, monetary) can also be important, they are not directly related to the efficient market hypothesis.

The "Efficiency" Referred to in the Efficient Market Hypothesis Is