Which one of the following best describes the term "efficient market"? A) The commissions on large transactions are smaller than the commissions on small transactions. B) New information is quickly reflected in security prices. C) Little time and effort are spent on marketing securities to the public. D) The cost of receiving, processing, executing, and reporting securities orders is small.
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Home » Business » Which one of the following best describes the term "efficient market"? A) The commissions on large transactions are smaller than the commissions on small transactions. B) New information is quickly reflected in security prices.