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sveta [45]
3 years ago
11

If financial markets were ____, all information about any securities for sale in primary and secondary markets would be continuo

usly and freely available to investors. a. imperfect b. perfect c. inefficient d. efficient
Business
1 answer:
Finger [1]3 years ago
7 0

Answer:

The correct answer is option b.

Explanation:

Financial markets are those markets which trade in financial securities. These markets can be either perfect or imperfect.

Perfect capital has the following features:

  1. Low trading cost and free access to the market.  
  2. A large number is of traders such that no single trader can affect market price.  
  3. The information on borrowing and lending opportunities in the primary and secondary market is freely available.  

The market which do not possess these characteristics are considered imperfect.

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Answer:

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Therefore ,the unit inventory valuation at lower of cost or net realizable value =

Products         Valuation

A                           188

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C                           120

D                           160

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Explanation:

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