Does the typical risk averse investor put more utility value on the same dollar of gain as the same dollar of loss?

		They are indfferent
		Gain
		Loss

Which component of transaction costs becomes more important as a program's size increases?

		Bid-Ask Spread
		Market Impact Costs
		Commissions

Behavioral finance argues that individuals use cognitive rules of thumb. What are all of these called?

		Anchoring
		representativeness
		Heuristics
		Familiarity

In managing an index fund, what is the most important objective?

		Minimizing tracking error against the benchmark
		Getting the beta vs. the index closest to one
		Having a higher current yield than the benchmark index

The latest PMI measure for US manufacturing was 53.5 and the measure for services was 54.6. What level does it have to be at to reflect an expanding economy?

		Above 50
		Above 0
		Higher than last month