Fill in the blank(s) with the correct words. Hint: along inside outside
a. Points ________ the production possibilities frontier are possible and efficient.
b. Points ________ the production possibilities frontier are possible but not efficient.
c. Points ________ the production possibilities frontier are not possible.
Correct answers: a. along b. inside c. outside
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"Universal banking" can lower the risk of participating financial institutions if
A) there is high correlation in the returns of the permitted activities. B) there is low correlation in the returns of the permitted activities. C) there are firewalls between all the permitted activities. D) none of the customers of the institution are federally insured.
If a mutual fund with a back-end-load is not sold within the stipulated time period, the investor is not required to pay any fee to the fund manager
a. True b. False Indicate whether the statement is true or false