1. Not every investor has the ability to process a large amount of information (especially quantitative) effectively. When such is the case, those who can process such information may be able to act on such information more quickly.

   True

   False

2. Transaction costs can create gaps between economic and market models and actual objective reality in the markets. In such cases only certain investors may be able to exploit a market situation where others cannot.

   True

   False

3. In reality though, all markets are neither perfectly efficient nor completely inefficient.

   True

   False

4. The momentum anomaly violated the weak-form of the Efficient Market Theory (EMT).

   True

   False