答案和详解如下: 1.Technicians believe that the speed at which information is impounded into prices is: A) very fast. B) instantaneous. C) Within two trading days. D) slow. The correct answer was D) For prices to move in trends, information must be absorbed slowly, according to technicians. 2.One of the assumptions of technical analysis is: A) all analysts have all current information. B) security prices move in random fashion. C) supply and demand are driven by rational and irrational behavior. D) the market is efficient. The correct answer was C) The market is driven by rational and irrational behavior. 3.One of the underlying assumptions of technical analysis is that supply and demand is driven by: A) rational behavior only. B) both rational and irrational behavior. C) irrational behavior only. D) rational behavior during calm markets and irrational behavior during volatile markets. The correct answer was B) Successful technical analysis assumes both rational and irrational behavior during all market conditions. 4.According to a technician, stock prices tend to move: A) in trends that persist. B) randomly. C) only when accompanied by volume. D) in an advance-decline series. The correct answer was A) Other assumptions of technical analysis include: values, and thus prices, are determined by supply anddemand,supply and demand is driven by both rational and irrational behavior, and while the cause for changes in supply and demand are difficult to determine, the actual shifts in supply and demand can be observed in market price behavior. 5.Two basic assumptions of technical analysis are that security prices adjust: A) move in trends that persist for long periods of time, and market prices are determined by the interaction of supply and demand. B) move in trends that persist for long periods of time, and liquidity is provided by securities dealers. C) adjust rapidly to new information, and market prices are determined by the interaction of supply and demand. D) adjust rapidly to new information, and liquidity is provided by security dealers. The correct answer was A) Other assumptions of technical analysis include: values, and thus prices, are determined by supply anddemand,supply and demand is driven by both rational and irrational behavior, and while the cause for changes in supply and demand are difficult to determine, the actual shifts in supply and demand can be observed in market price behavior. |