Which of the following is a sensible pattern of cause-and-effect?
a) People expect the economy to expand ?profits are expected to increase ?stock prices should rise
b) People expect the economy to expand ?profits are expected to decrease ?stock prices should rise
c) People expect the economy to expand ?profits are expected to increase ?stock prices should fall
d) People expect the economy to expand ?profits are expected to decrease ?stock prices should fall
Answer: a) People expect the economy to expand ?profits are expected to increase ?stock prices should rise
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An individual life insurance policy must become incontestable no later than how long after its effective date?
A) 1 year B) 3 years C) 6 months D) 2 years"
________ is the instantaneous purchase and sale of a currency in different markets for profit
A) Currency hedging B) Currency arbitrage C) Currency speculation D) Currency conversion