Which of the following statements is not true of asset allocation?
A) Investments are spread across several different investment classes.
B) Investments reflect the investor's specific time horizon.
C) Allocation may be made in domestic stocks and bonds.
D) Allocation may be made in international stocks and bonds.
E) All of the above statements are true.
Answer: E
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A) when the products are consumed or sold B) when the accounting period they are incurred in comes to an end C) when the products are transferred to the Work-in-Process Inventory account D) when the market value of products goes above the recorded value
What happens to the life insurance proceeds upon the death of an insured who has not named a beneficiary?
A) The proceeds are given to the state. B) The proceeds remain with the insurer for the full-term of the insurance. C) The proceeds are given to charitable organizations. D) The proceeds go to the insured's estate.