Which type of asset backed security is considered to be "arbitrage" rather than "balance sheet"?

		Student Loan Backed
		CDO (Collateralized Debt Obligation)
		Credit Card backed
		Auto

2.

What is NOT a reason fixed income index funds are harder to manager than equity index funds?

		Large amount of new issues being added to and leaving the index
		Liquidity of securities deteriorate following issuance
		Systematic risk measure target (duration or beta) changes over time
		Dealing with daily cash inflows and outflows from investors

3.

What theory states that an investor needs to be paid to shift their fixed income maturity from their target duration?

		Liquidity Preference
		Preferred Habitat/ Market Segmentation
		Pure Expectations