Principles of Finance & Information efficent market
The efficient-market hypothesis states that it is impossible to consistently outperform the market by using any information that the market already knows, except through luck The Efficient Market Hypothesis was developed by Professor Eugene Fama at the University of Chicago Booth School of Business as an academic concept of study through his published Ph. D. thesis in the early 1960s at the same school Although the efficient markets hypothesis has become controversial because substantial and lasting inefficiencies are observed, Beechey et. al.
(2000) consider that it remains a worthwhile starting point. Depository institutions: Deposit-taking institutions that accept and manage deposits and make loans This category includes banks, credit unions, trust companies, and mortgage loan companies); Bank: An institution where one can place and borrow money and take care of financial affairs. credit union A credit union is a cooperative financial institution that is owned and controlled by its members, and operated for the purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members
trust company :A trust company is a corporation, especially a commercial bank, organized to perform the fiduciary functions of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank, or a law firm, each of which specializes in being a trustee of various kinds of trusts and in managing estates wikipedia Referance www. wikipedia. orgSample Essay of Paperial.com