Which of the Following Is by Far the Largest Category

question 126

Multiple Choice

Which of the following is by far the largest category of goods and services in the CPI basket?

• A) shelter
• B) clothing and footwear
• C) household operations and furnishings
• D) food

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Definitions:

Leverage

The use of borrowed funds to increase the potential return of an investment, also amplifying the potential risk of loss.

Equity Mutual Funds

Investment funds that pool money from many investors to purchase a portfolio of stocks, aiming to provide returns through dividends and capital gains.

Risky

An adjective describing the likelihood of losing part or all investment due to various types of investment or market risks.

Equity Growth Fund

A mutual fund that invests primarily in stocks with the goal of capital appreciation rather than income.