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Define the "horse race" concept, and explain the implications of the horse race as a media focus.
Liabilities
Financial obligations or debts owed by a company or individual.
Commercial Banks
Financial institutions that provide various financial services, including accepting deposits, offering business and personal loans, and other investment products.
Security Selection
The process of choosing individual securities for investment with the aim of achieving a portfolio's investment goals.
Investment Portfolio
An assortment of monetary assets, including shares, bonds, commodities, money, and near-money instruments such as mutual funds and exchange-traded funds (ETFs).
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