Which of the following will reduce the US aggregate demand?
I). the economic recession in Japan and Western Europe.
II). a decrease in recession fears.
III). an increase in real interest rates in the US.

• A.II and III
• B.I and III
• C.I, II and III

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Which of the following is correct?

• A.In a Spot market, the delivery of the good is required immediately or within a short period of time.
• B.The futures price of a commodity is higher than the spot price.
• C.Futures markets have agreements that require payment and delivery at a future date for sale of an asset at a price that will prevail in the market at the future date.

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Which return measure reflects a constant dollar investment at the beginning of each time period?

• A.Arithmetic mean.
• B.Geometric mean.
• C.Holding period return.

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Which of the following statements about the current ratio is accurate?

• A.The higher the current ratio the higher the level of cash in a firm
• B.Use of book values in calculation of this ratio is unacceptable because the market values of these assets and liabilities tend to deviate from book values
• C.It will always be greater than the quick ratio in companies that carry inventory

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An exchange traded fund

• A.is a closed-end fund that is traded just like stocks.
• B.is an open-end fund whose shares can only be bought directly from the fund.
• C.is an open-end fund whose shares are traded publicly.

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