Securities exchanges create efficient markets that do all of the following EXCEPT

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA2: Investments
Section: Chapter Questions
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Securities exchanges create efficient markets that do all of the following EXCEPT
 
 
control the supply and demand for securities through price.
allocate funds to the most productive uses.
allow the price to be determined by supply and demand of securities.
ensure a market in which the price reflects the true value of the security.
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