Exam CFA-Level-I Topic 2 Question 276 Discussion

Actual exam question for CFA's CFA-Level-I exam
Question #: 276
Topic #: 2
If the financial markets are liquid and the costs of trading are low, the financial system:

Suggested Answer: B Vote an answer

The costs include commissions, bid-ask spreads, and order price impacts. Transaction costs are lower in transparent markets than in opaque markets because traders can more easily determine market value and more easily manage their trading in transparent markets.

by Reginald at Sep 09, 2026, 04:52 PM

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