The portfolios that mutual funds offer to savers are
A) usually made up of bonds.
B) usually made up of common stocks.
C) tax free in most states.
D) usually more liquid than the underlying assets.
D
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What will be an ideal response?
An approach that can be taken by someone directly involved in a transaction to solve the problems caused by information asymmetry is:
A. statistical discrimination. B. mandating that information be shared. C. proofing. D. All of these are ways to solve information asymmetry.
Which of the following would not be considered a "leisure" activity by economists?
A. Making dinner B. Going skiing C. Cleaning the bathroom floor D. Making a work call.
A liquidity provider is someone who:
A. helps make a market more liquid by being always ready to buy or sell an asset. B. works at a bank and specializes in loans. C. works in the financial system. D. invest in the economy.