If a company that drilled for and produced oil acquired a firm which refined oil into gasoline, this would be referred to as a
A) horizontal merger.
B) vertical merger.
C) conglomerate merger.
D) reverse merger.
B
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Since all assets typically do not move together, how can investors typically reduce risk?
A) Purchase only the best performing assets. B) Diversify one's portfolio across different asset classes. C) Avoid poor performing assets. D) Actively manage one's portfolio.
What is/are the advantage(s) of the gold standard?
(a) The government can print money as required by cyclical fluctuations in domestic markets. (b) Floating exchange rates. (c) It requires monetary discipline. (d) All of the above.
Between 1922 and 1929 stock prices increased by more than
a. 100%. b. 200%. c. 300%. d. 1000%.
Before the financial crisis of 2008:
A. the 2.5 percent inflation target was seen as a precise target. B. the 2.5 percent inflation target was seen as an upper bound. C. inflation was not seen as a target. D. the 2.5 percent inflation target was seen as a lower bound.