Which of the following statements is false?
A. The Wilshire 5000 is a stock index that consists of the stocks of about 6,500 firms.
B. Instead of buying a mutual fund that consists of various stocks picked by a fund manager you can buy a mutual fund that consists of the stocks that make up a particular stock index.
C. The term Sypders stands for "Standard & Poors Direct Receipts."
D. When an investor buys Spyders they are said to "buy the market."
Answer: C
You might also like to view...
Use the LR curve to show what happens to output, the real interest rate, and the price level in the short run and in the long run if the government provides a tax credit to people who buy a new home, which leads to an increase in new housing
investment.
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.