A standard deck of playing cards has 52 cards with 13 cards in each of the four suits; hearts, diamonds, spades, and clubs. Each of the four suits has a king card. If a single card is drawn from a standard deck, what is the probability that the card will be the king of spades?

If a constant-growth-rate-of-money policy is to achieve constant growth of nominal GDP, velocity

A) does not matter since the money supply is growing steadily. B) must grow at a steady and predictable rate. C) must be constant. D) must shrink over time at the same rate as money grows.

Which of the following is true?

a. Managed equity funds generally outperform indexed equity mutual funds. b. Managed equity funds merely hold stocks in the same proportion they are represented in a broad stock market index such as the Standard & Poor's 500. c. Indexed equity funds generally have lower management and operating costs than managed funds. d. Indexed equity funds generally engage in more stock trading than managed funds.