1. Which of the following is an example of idiosyncratic risk?

A.The Fed's current policy could push the economy into a recesssion.

B.Higher interest rates may make all companies underperform vs. their earnings estimates.

C. A recession may cause consumers to buy only basic necessities.

D. A firm recalls a product that accounts for 80% of its sales.

2.In 2020, the total market value of US fixed income markets was _________ the total market value of European fixed income markets.

A.larger than

B.smaller than

C.about the same size as