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- Refer to Figure 18.2.The sale of bonds by the Fed in the open market will result in
Liquidity
The ease with which an asset can be converted into cash without significantly affecting its price.
Trading Costs
Expenses associated with the buying and selling of securities, including commissions, spreads, and slippage.
Market Depth
The ability of a market to sustain relatively large market orders without impacting the price of the security.
Style Portfolios
Investment portfolios constructed to reflect specific investment strategies or philosophies, such as growth, value, or income investing.
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