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NEW QUESTION: 1
Which of the following is a typical overnight use of excess cash?
A. Investing in Dutch auction preferred stock
B. Purchasing a certificate of deposit
C. Purchasing a Treasury bill
D. Entering into a repurchase agreement
Answer: D

NEW QUESTION: 2
Which of the following statements is true:
I. The standard deviation of a short position is the same as the standard deviation of a long position II. The expected return of a short position is the same as that a long position in the same asset III. If two assets are perfectly positively correlated, then a short position in one and a long position in the other are negatively correlated IV. If we increase the weight of an asset in a portfolio, its correlation with other assets in the portfolio scales up proportionately
A. I and III
B. II, III and IV
C. I, II, III and IV
D. II and IV
Answer: A
Explanation:
Explanation
Statement I is true as standard deviation is the root of the squared deviations, and is always positive, and identical regardless of the positions being long or short.Statement II is false as the expected return of a long position is exactly the negative of the expected return of the short position.Statement III is correct as a correlation of +1 between two long positions implies a correlation of -1 between one long and one short position. This is the basis of hedging, for example, of spot positions with futures.Statement IV is inaccurate.
The weight of an asset in a portfolio does not change the correlation of the asset with the portfolio, or with other assets.Therefore Choice 'c' is the correct answer.

NEW QUESTION: 3
A user calls the help desk to report about their smartphone not being able to make any phone calls.
The user admits that the smartphone can still send/receive email, browse all websites, and utilize all Internet-capable applications.
Which of the following issues is MOST likely affecting the smartphone?
A. The user forgot to turn off Bluetooth before trying to make a call.
B. Wi-Fi is turned off; the cellular antenna is turned on.
C. The cellular antenna is turned off; Wi-Fi is still on.
D. The user has 4G capability turned off, and is only on 2G.
Answer: C