Question
1. What is the single largest asset category in the portfolio of a typical U.S. household? a. Housing. b. Consumer durables. c. Stocks. d. Bonds.
1. What is the single largest asset category in the portfolio of a typical U.S. household?
a. Housing.
b. Consumer durables.
c. Stocks.
d. Bonds.
2. Real estate markets differ from other asset classes by having all of the following characteristics except:
a. Local market.
b. High transaction costs.
c. Segmented market.
d. Homogeneous product.
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
