Question: 11.Based on the past information only, _____ form market efficiency states that no investor will earn a higher abnormal return than the market on average.
11.Based on the past information only, _____ form market efficiency states that no investor will earn a higher abnormal return than the market on average.
A) weak. B) semi-strong.C) strong.D) super.
12._____yield curve is formed when the short-term interest rate is greater than the long-term interest rate.
A) Normal. B) Inverted.C) Flat.D) Humped.
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