Globalization Please respond to the following:

From the e-Activity, analyze how national exchanges around the world are linked and suggest which exchange most significantly impacts the U.S. markets. Explain your rationale. Assess the factor(s) contributing to the global consolidation of stock, bonds, and derivative exchange. Predict the impact to these exchanges in the future.

Efficient Markets Please respond to the following:

Analyze the most significant driver in an efficient market and whether or not you would characterize the U.S. markets as efficient. Provide support for your position. Discuss how behavioral finance concepts, such as bias, may impact investor decisions and the efficiency of financial markets.