A portfolio manager for a property and casualty insurance company who anticipates a recession is likely to shift the company's portfolio into
A) short-term securities.
B) preferred stock.
C) common stock.
D) long-term corporate bonds.
A
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Which of the following is considered a command economy?
a. communism b. socialism c. fascism d. All of these.
If an asymmetry of information is removed and laborers' preferences change against employment in a labor market, it would __________ employment and __________ the wage at the equilibrium in the market.
A. increase; raise B. increase; lower C. decrease; raise D. decrease; lower
Refer to Scenario 15.3. Which of the following would raise $X?
A) Lower current income B) Lower expected growth in income C) Lower mortality rates D) Lower interest rates E) Higher age at time of death
The Tragedy of the Commons occurs because
a. government property is most heavily used by the wealthy. b. everyone deserves an equal share of government property. c. social and private incentives differ. d. established property rights create competition.