Tangible book value per share among the companies in the S&P500 stock index has been declining in recent decades mainly because*

1 point

Outsourcing of payroll work by service-oriented companies

Greater investment in intellectual property products

A shift in consumer behavior among retirees who wish to save money

All of these

All things being equal, if oil price rises, the currency of a country with a large amount of oil imports would likely*

1 point

Be unchanged against the Pound Sterling

Strengthens against the US Dollar

Weakens against the US Dollar

Strengthens against the trade weighted dollar

A company with a higher required rate of return likely*

1 point

has a very high beta to the S&P 500

has a low debt to equity ratio

to hold a high credit rating

sells consumer staple goods

The Bretton Woods system of monetary management failed mainly because*

1 point

Queen Elizabeth unilaterally terminated convertibility of the Pound Sterling to gold

of the US-Japan trade war

Many countries were exchanging dollars for gold

President Nixon unilaterally strengthened the convertibility of the US dollar to gold

When deciding between buying ETFs of the same industry, which of the following are key considerations?

*

1 point

bid-offer spread

components of the EFT

valuation

all of the above

Why would the United States want the US Dollar to be a reserve currency?*

1 point

It can just print money to pay for imports

It is like having a credit card that has no limit and no impact on US GDP

It can restore the gold standard

It can prevent investors from owning crypto currencies