An example of a passive fund is commonly:

	a.	A large cap fund.
	b.	A closed end fund.
	c.	An open end fund.
	d.	An index fund.
	e.	A high yield fund.

Which is riskier, purchasing a covered call option or a future for the same time period and why?

	a.	A covered call option - you can lose your entire investment if you are wrong about the ultimate outcome.
	b.	A future - it is purchased on margin and you often have the obligation to buy the commodity even if the commodity price declines.
	c.	A covered call option, it has a higher beta.
	d.	A future, the lack of commonly purchasing it on margin is more than offset by the large gains on all futures.
	e.	A covered call option, you must purchase the item even after taking a market loss on the option.