Information is considered inefficient if ________

Some bank loans require the firm to maintain some amount of money on a balance at the bank which is known as:

A) compensating balance B) transactions motive C) simple interest balance D) precautionary motive

Thoroughbred horse racing in the mid-eighteenth century _______.

A. was the primary business interest of horse owners B. was an independent, self-supporting financial entity C. existed primarily for the entertainment of wealthy club members D. was attended by only the elite of the community