Which of the following is true?
a. The balance of payments is like a sources and uses of funds statement.
b. The balance of payments includes only transactions for which there are financial payments.
c. The balance of payments is calculated at a point in time (e.g., amounts at year's end).
d. None of the above is correct.
.A
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Because most asset yields are affected in a systematic way by economic conditions, most securities in portfolios
A) have a covariance greater than zero. B) have negative yields. C) have covariance greater than one. D) increase in risk as new assets are added.
The Fisher index
A) uses the arithmetic mean of the Paasche index and the Laspeyres index. B) uses the standard deviation of the Paasche index and the Laspeyres index. C) uses the geometric mean of the Paasche index and the Laspeyres index. D) uses the harmonic mean of the Paasche index and the Laspeyres index.