The process that quickly eliminates price discrepancies in efficient markets is known as

A) arbitration.
B) market correction.
C) arbitrage.
D) random fluctuation.

Answer: C

Business

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Indicate whether the statement is true or false

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Under MACRS, an asset which originally cost $100,000 is being depreciated using a 10-year normal recovery period. The depreciation expense in year 5 is ________

A) $10,000 B) $12,000 C) $21,000 D) $ 9,000

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