单选题 An analyst does research about well-function financial systems. In a well-functional securities market, if the prices of the assets and contracts reflect all available information related to fundamental values, the financial systems are best described as:
A. complete markets.
B. operationally efficiency.
C. informationally efficiency.

【正确答案】 C
【答案解析】[解析] 如果资产或合约价格能反映所有关于基本面价值的可获得信息,该金融市场就是信息有效的。如果交易的成本比较低,该金融市场就是运作有效的。如果金融市场满足了良好运作的某些特征,解决了制度性的一些问题,该金融市场则被认为是完整市场。