One advantage of exchange traded funds relative to open-end mutual funds is:
A. They trade throughout the day.
B. They offer greater diversification.
C. They have smaller bid-ask spreads.
查看答案
The real estate valuation approach that uses a perpetuity discount type model is the:
A. Cost approach.
B. Income approach.
C. Sales comparison approach.
The crowding-out effect is most likely associated with:
A. Falling real interest rates.
B. Government budget deficits.
C. Government budget surpluses.
Joyce La Valle, CFA is a portfolio manager at a global bank. La Valle has been told she should use a specific vendor for equity investment research that has been approved by the banks headquarters. Be
A. Use the local research vendor.
B. Use the bank-approved research vendor.
C. Use both the local and the bank-approved research vendors.
Over a given period, the price of a commodity falls by 5.0% and the quantity demanded rises by 7.5%. The price elasticity of demand for the commodity is best described as:
A. elastic
B. inelastic
C. Perfectly elastic