Mutual funds are characterized by the fact that they all:
A. provide the same degree of liquidity.
B. require the same minimum investment of $10,000.
C. provide some degree of diversification.
D. have the same management fee set by regulation.
Answer: C
You might also like to view...
Two actions by the Fed during Alan Greenspan's term as chairman have been identified as possibly contributing to the financial crisis in 2008. Which of the following was one of those actions?
A) working in concert with the European Central Bank to stabilize the dollar / euro exchange rate B) financing the first Gulf War by printing money and generating rapid inflation C) decreasing the money supply to fight the possibility of disinflation D) the decision to keep the federal funds rate at 1 percent from June 2003 to June 2004
A good which has social costs that exceed private costs has a price
A) equal to marginal social cost. B) that is too low. C) that is too high. D) that is inefficient because price exceeds marginal social cost.
Congress initially intended for the Medicaid program to provide basic safety net coverage for certain vulnerable populations, including all the following but one.
a. Disabled individuals less than 65 b. Working age adults without dependents c. Single, pregnant women with or without dependents d. Single men with dependents e. Children in low-income households
In monopolistically competitive industries, firms find it easy to enter and exit the market in the long run.
Answer the following statement true (T) or false (F)