1. What type of mutual fund issues "redeemable securities" meaning that the fund stands ready to buy or sell the shares at their net asset value with a transaction fee?

No-load, closed-end fund

No-load, open-end fund

Load, closed-end fund

Load, open-end fund

None of the above

2. Adding international investments to an all U.S. portfolio will most likely:

Increase the overall risk of the portfolio

Decrease the overall risk of the portfolio

Increase the expected return of the portfolio

Decrease the expected return of the portfolio

None of the above

3. A technical analyst might consider the following a bearish signal.

The percentage of speculators in stock index futures exceeds 70%.

The percentage of speculators in stock index futures exceeds 30%.

The percentage of speculators in stock index futures falls to 30%.

The percentage of speculators in stock index futures remains flat.

None of the above.

4. The ratio of OTC volume versus NYSE volume is a measure of ____. This ratio typically ____ at a market ____.

Speculative activity, bottoms, peak.

Hedging activity, bottoms, peak.

Speculative activity, peaks, peak

Speculative activity, bottoms, bottoms.

None of the above.

5. What type of mutual fund issues "redeemable securities" meaning that the fund stands ready to buy or sell the shares at their net asset value with a transaction fee?

No-load, closed-end fund

No-load, open-end fund

Load, closed-end fund

Load, open-end fund

None of the above

6. In a value weighted index

Exchange rate fluctuations have a large impact.

Exchange rate fluctuations have a small impact.

Large companies have a disproportionate influence on the index.

Small companies have an exaggerated effect on the index.

None of the above

7. A price range at which technicians would expect a substantial increase in the demand for a stock is called

Demand threshold.

Resistance level.

Support level.

Resistance limit.

Technical restraint.