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Which statement best characterizes economic events such as war, recession, and high interest rates? They are systematic risks that cannot be eliminated by diversification. They

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Which statement best characterizes economic events such as war, recession, and high interest rates? They are systematic risks that cannot be eliminated by diversification. They are unsystematic risk factors that cannot be totally diversified. They are market risk factors that can be totally diversified. They are random events whose impact on a portfolio can be eliminated by diversification since bad events in one firm will be offset by good events in another

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