Which of the following is true concerning Federal Reserve district banks? 1. District banks are responsible for monitoring their respective district economies II. District banks supply currency and coin to their respective district banks II. District banks can loan funds to depository institutions in their districts Select one: a. I only b. I and Il only c. I and IIl only d. I, II, and II

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.