问题如下:
Which of the following is least likely to be a characteristic of a well-functioning financial system?
选项:
A.Due to the informational efficiency, market prices reflect all current information.
B.The financial system is informationally efficient, and the security prices react to new information quickly.
C.A market can perform at low trading costs due to the operationally efficiency.
解释:
A is correct.
An informationally efficient market is characterized as reflecting all available information about the value of the securities.
current information单单指当前市场信息吗?从中文理解,现在市场信息难道不是包括历史信息和当下信息吗?还是说英文里面current就不包括过去信息