The Supreme Court Has Declared That Race Was a Suspect

question 161

Multiple Choice

The Supreme Court has declared that race was a suspect classification that demanded

• A) strict scrutiny.
• B) intermediate scrutiny.
• C) moderate scrutiny.
• D) ordinary scrutiny.
• E) affirmative action.

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Definitions:

Market Return

The total return, including capital gains and dividends, from investing in a broad market index over a specified period.

IPO Pops

The phenomenon where the price of a stock rises significantly above its initial public offering price shortly after it starts trading on the public market.

Secondary Market

This is a market where investors buy and sell securities they already own, as opposed to the primary market where securities are first issued.

Retail Investors

Individual investors who buy and sell securities for their personal accounts, not for another company or organization.