When people are less careful about avoiding insured losses than they would be if they were not insured so that losses occur more often than they would otherwise, ____ occurs.

• A.Insurance fraud.
• B.Moral hazard.
• C.Adverse selection.

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Which of the following statements most accurately depicts bonds price volatility?

• A.Short maturity bonds are more volatile than long maturity bonds.
• B.During periods of increasing interest rates, high coupon bonds exhibit lower price volatility than low coupon bonds.
• C.Bonds with low duration are much more volatile than bonds with high duration.

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GDP is the market value of

• A.all final goods and services produced domestically during the period.
• B.all final goods and services minus intermediate goods produced domestically during the period.
• C.all goods and services sold during the period.

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The World Bank uses ______ for industry classification.

• A.International Standard Industrial Classification of All Economic Activities (ISIC).
• B.North American Industry Classification System.
• C.Global Industry Classification Standard.

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Which type of ADR can be used if a foreign company wants to raise capital in the US through a public offering of the ADRs?
I). Unsponsored ADR.
II). Level I.
III). Level II.
IV). Level III.

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

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