Private pension funds are administered by

Select one:

a.

Investment banks

b.

Mutual funds and insurance companies

c.

Private equity firms

d.

Securities firms

e.

Hedge funds

In a bear market, investment in ____________ funds would increase and investment in _____________ funds would decrease.

Select one:

a.

long-term; short-term

b.

municipal bond; money market mutual

c.

corporate bond; municipal bond

d.

money market mutual; equity

e.

equity; bond