1. An investor might sell a REIT when __________.

A.) inflation is increasing and on the rise

B.) interest rates are starting to fall

C.) cap rates are low

D.) None of the above

2. __________ is a set of portfolios with the lowest risk for a given level of return.

A.) The efficient frontier

B.) The semi-variance

C.) The mean-variance

D.) Risk parity

3. Which of the following is the largest component of GDP?

A.) Consumption

B.) Investment

C.) Government

D.) Net exports

4. For investing, __________ is often used to measure risk.

A.) return

B.) uncertainty

C.) value-at-risk

D.) variance

E.) None of the above

5. Macroeconomic risk is __________.

A.) systematic risk

B.) firm-specific risk

C.) non-diversifiable risk

D.) None of the above

6. Which of the following is not true with regard to you taxable portfolio?

A.) It should include municipal bonds

B.) It should include low dividend investments

C.) It should include REIT investments

D.) None of the above