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April 12, 2021 at 12:40 pm
Thank you for the quiz.
July 27, 2020 at 4:34 pm
First of all, thanks a lot for the useful resources that you provide!
Secondly, I have a question about Question 2 in this quiz – I somehow fail to understand why the Stock Exchange is not considered to be a financial intermediary. Stock Exchanges provide valuable services for stock trading, for example, clearing of transactions, and guaranteed settlement of transactions (i.e., if one of the parties to a transaction defaults, the exchange guarantees to uphold the transaction).
It would be interesting to hear your thoughts about this.
John Moffat says
July 27, 2020 at 6:32 pm
Thank you for your comment 🙂
Although the stock exchange does provide a service to shareholders wishing to buy or sell shares in specific companies, it is not regarded as a financial intermediary because it does not provide the three main services of a financial intermediary i.e. aggregation, maturity transformation, and diversification of risk as explained in my free lectures on Chapter 2 of our free lecture notes. For example, although an investor can diversify their risk by buying shares in several companies the stock exchange does not do that for them. Whereas if an investor buys shares in a unit trust (mutual fund) then the unit trust is doing the risk diversification for them.
July 28, 2020 at 3:50 pm
Thanks for putting this in the right context! Previously I was under the impression that the features of aggregation, maturity transformation, and diversification of risk were somehow only applicable to banking institutions.
Best wishes, Rachita
July 28, 2020 at 5:43 pm
You are welcome 🙂
January 11, 2020 at 3:28 am
Why Question no 5 is semi strong as it should be strong form as we have all the information required which means both published and unpublished??
January 11, 2020 at 9:00 am
No – it is semi-strong. Publicly available means that it has been published (and does not include unpublished information).
November 14, 2019 at 2:14 am
The quiz review on question 3 should be amended to read “other than” that of…..
October 31, 2019 at 7:37 am
A good one. Thanks
October 31, 2019 at 8:40 am
September 5, 2019 at 6:01 am
Is there a way we can check the questions we didn’t get right?
September 5, 2019 at 7:27 am
Of course. Click on ‘submit all’ and then click on ‘review quiz’.
May 3, 2019 at 1:55 pm
For Question number 5 why is it not a strong form and yet in a strong form the current and future information is available to the public?.
October 31, 2019 at 7:36 am
Because the semi-strong form efficiency only deal with information that is currently publicly available and not future information.
December 17, 2017 at 1:05 am
can you add some more questions?
December 17, 2017 at 9:48 am
No – you really must buy a Revision Kit from one of the ACCA approved publishers. They are full of exam standard questions.
November 16, 2016 at 2:43 am
By any chance, can such easy questions appear in exams?
November 16, 2016 at 5:38 am
Of course! These are from past exams.
But have you tried the tests on the other chapters that involve calculations?
Always in the exam, there are questions on some areas that you should find easy and questions on other areas that you will find a lot harder.
In addition to attempting our tests you should of course be attempting every question in your Revision Kit – then you will know the overall level of difficulty.
September 18, 2016 at 3:27 pm
great test. Love to see more questions 🙂
September 18, 2016 at 10:35 pm
Thank you 🙂
However these will only ever be short tests and you must buy a Revision Kit from one of the ACCA approved publishers. They contain lots of exam standard questions.
July 11, 2016 at 8:50 am
can’t see anything to download
July 11, 2016 at 6:11 pm
There is nothing to download!!!
This is an online test.
November 24, 2015 at 9:57 am
Please sir why is the answer to question No. 5, weak-form efficiency. I thought it should be semi-strong form, since the informations are publicly available.
December 2, 2015 at 4:22 am
Adenikinju Says, please recheck your answer. It’s correct answer is “Semi-strong” form.
December 2, 2015 at 7:19 am
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