1) The measure of dispersion around an average value is called: A) systematic risk B) market risk C) exchange rate risk D) standard deviation 2) The total trading taken place in a given stock for a day across all exchanges is referred to as A) block trading B) composite trading C) total trades D) margin trading 3) A failure by the firm to meet the terms specified in the indenture of a debt issue is called: A) risk B) default C) market risk D) sovereign risk 4) Advantages of mutual funds include all of the following except: A) liquidity B) fund fees and expenses C) diversification D) professional money management 5) Taxing and spending by the Federal Government is called A) monetary policy B) fiscal policy C) easy policy D) taxing policy