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

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 34CYBK
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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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