Hedge funds often buy the same stocks and track each other's investment strategies. This is an example of ________
A) herding
B) anchoring
C) hedging
D) sniping
A
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Under the social interest theory of regulation, the goal of regulating natural monopolies is
A) to provide a larger, though not maximum, profit for the firms. B) to use average cost pricing. C) to provide an outcome similar to the competitive outcome. D) to provide a the maximum profit for the firms. E) None of the above answers is correct.
The term "foreign currency" refers to foreign
I. coins II. notes III. bank deposits A) II only B) II and III only C) I and II only D) I, II, and III
The equation of exchange states that the quantity of money multiplied by the number of times this money is spent in a given year must equal
A) nominal income. B) real income. C) real gross national product. D) velocity.
Who owns a commercial bank?
a. Its depositors b. Its stockholders c. Lenders d. Savers e. The Federal Reserve