The use of borrowing by an individual to adjust his or her overall exposure to financial leverage is referred to as:

Question

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The use of borrowing by an individual, rather than a corporation or firm, to adjust his or her overall exposure to financial leverage is referred to as homemade leverage. This concept is based on the idea that individuals can achieve the same effects as corporate leverage by borrowing and investing on their own.

The Use of Borrowing by an Individual to Adjust His