Which of the following is not an investment in the
Layperson's general use of the term?
A) equipment
B) land
C) stock
D) savings account
Correct Answer:
Verified
Q1: Liquidity refers to the ease of selling
Q2: Diversification reduces
A)income
B)capital gains
C)taxes
D)risk
Q5: Reasons for saving and investing include
1. need
Q7: The anticipated return and the realized return
Q9: Stocks are initially sold in the "primary"
Q11: Trading implies
A)frequently buying securities
B)frequently selling securities
C)frequently buying
Q11: CFA is a professional designation for individuals
Q13: Financial investments are made in efficient markets.
Q15: The terms "investing" and "trading" refer to
Q17: Efficient markets suggests that investors will outperform
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