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Air Travel, the Internet, Cheap Fossil Fuels, and Television All

question 24

Multiple Choice

Air travel, the Internet, cheap fossil fuels, and television all have allowed people to ______________.


Definitions:

S&P 500 Futures

Financial contracts speculating on the future value of the S&P 500 Index.

Risk-Free Rate

The estimated yield from an investment that carries no risk, often illustrated by government bond yields.

High Water Mark

The previous value of a portfolio that must be reattained before a hedge fund can charge incentive fees.

Incentive Fees

Fees paid to a fund manager based on the performance of the fund, designed to align the interests of the manager with those of the investors.

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