solve the foll tasks

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18.Finance companies generally perform well during ________________.

Group of answer choices

a.an economic expansion

b.an economic contraction

c.tight monetary conditions

d.all stages of the business cycle

19. Which of the following are the major advantages that credit unions enjoy over banks?

Credit unions are not taxed because of their nonprofit status

Credit unions are well-diversified due to the common bond requirement.

Credit unions are able to offer other financial services such as insurance, brokerage, and so forth.

Credit unions are better able to evaluate commercial and industrial loans.

Group of answer choices

a.I only

b.I and II

c.I, II, and IV

d.III and IV

20 Which of the following lending institutions most likely face the most credit risk?

Group of answer choices

a.finance companies

b.credit unions

c.commercial banks

d.savings institutions

21 Savings institutions concentrate primarily on ____________________, while credit unions have historically focused on _________________.

Group of answer choices

a.residential mortgages; consumer loans

b.consumer loans; residential mortgages

c.C&I loans; automobile loans

d.automobile loans; consumer loans

22 Bankers argue that credit unions can unfairly compete with commercial banks for consumer loans and deposits because credit unions are not taxed. Their non-profit status allows credit unions to offer _______ rates on deposits and ____ rates on loans in most cases. The common bond requirement is designed to _______ competition among credit unions (each other) and between banks and credit unions.

Group of answer choices

a.higher; lower; decrease

b.higher; higher; decrease

c.lower; higher; increase

d.higher; lower; increase

23 Which of the following lending institutions does not have a steady, low cost source of funding?

Group of answer choices

a.finance companies

b.commercial banks

c.savings institutions

d.credit unions

24 Which of the following statements is true regarding ETFs?

Group of answer choices

a.The creation and redemption of ETFs is generally regarded as "in-kind" exchanges of assets between an authorized participant and the ETF

b.Individual investors have the ability to purchase and redeem ETFs shares directly from the ETF provider in creation units

c.ETF shares are sold and redeemed at net asset value

d.They have a fixed number of shares

25 Which of the following is true about traditional open-end mutual funds?

Group of answer choices

a.guarantee to redeem shares upon demand at current NAV

b.investors earn a minimum rate of return

c.the prospectus outlines the guaranteed rate of return

d.shares trade on an exchange

26. In semi-strong form efficient markets, a passive fund is likely to perform ________________ than an actively managed fund.

Group of answer choices

a.better

b.worse

c.the same

d.Not enough information

27 Economic lockdowns and shelter in place orders issued by state and local governments to slow the spread of COVID-19 weakened economic growth and increased investor concern about the economy. Because of this and only this, we would expect investment in _____________________ to increase and investment in ________________ to decline.

Group of answer choices

a.money market mutual funds; equity funds

b.equity funds; bond funds

c.municipal bond funds; money market mutual funds

d.long-term bond funds; short-term bond funds