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What does it mean for a financial market to be considered (a) informationally efficient and (b) economically efficient? 3-2 How do financial institutions in the United States differ from financial institutions in other parts of the world? Why?

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What does it mean for a financial market to be considered (a) informationally efficient and (b) economically efficient? 3-2 How do financial institutions in the United States differ from financial institutions in other parts of the world? Why?