1.) __________ are a set of mutual fund or hedge fund strategies that trade commodity

futures using technical analysis and macroeconomic forecasting.

A.) Managed futures

B.) TIPS

C.) Global macro

D.) None of the above

_____ 2.) REITs are required by law to distribute __________ of their taxable income to

shareholders.

A.) 10%

B.) 50%

C.) 90%

D.) None of the above

_____ 3.) Macroeconomic risk is __________.

A.) systematic risk

B.) firm-specific risk

C.) non-diversifiable risk

D.) None of the above

_____ 4.) An investor might buy a REIT when __________.

A.) inflation is increasing and is on the rise

B.) interest rates are starting to fall

C.) cap rates are high

D.) All of the above

E.) None of the above

_____ 5.) Reasons for supplier power include:

A.) Few suppliers of a particular product

B.) No substitutes

C.) Switching is costly

D.) All of the above

E.) None of the above