So significant is the role of judges in the United States that they determine the meaning of the Constitution and can declare void the legislation of Congress and the acts of the president. This illustrates that the legal system in the United States is based on ________.
A. civil law
B. religious law
C. constitutional law
D. hybrid law
E. common law
Answer: E
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Answer the following statement true (T) or false (F)
A company with a current ratio of 1.90 means that the company:
A) has $1.90 of quick assets to pay each $1 of current liabilities. B) has $1.90 of current assets to pay each $1 of current liabilities. C) has $1.00 of quick assets for every $1.90 of current liabilities. D) has $1.00 of current assets for every $1.90 of current liabilities.
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Indicate whether the statement is true or false
You invest $10,000 in a complete portfolio. The complete portfolio is composed of a risky asset with an expected rate of return of 15% and a standard deviation of 21% and a Treasury bill with a rate of return of 5%. How much money should be invested in the risky asset to form a portfolio with an expected return of 11%?
A. $6,000 B. $4,000 C. $7,000 D. $3,000