In Terms of the Number of People Involved and the Amount

question 305

Multiple Choice

In terms of the number of people involved and the amount of damage done, America's biggest drug problem is caused by

• A) cocaine.
• B) alcohol.
• C) Quaaludes.
• D) marijuana.

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Definitions:

Bank CD

A Certificate of Deposit, a savings certificate with a fixed maturity date and specified fixed interest rate, offered by banks.

Expense Ratio

The annual fee expressed as a percentage of assets under management that investors pay for mutual fund or ETF operations and administration.

Indexed Funds

Mutual funds or exchange-traded funds (ETFs) that aim to replicate the performance of a specific index by investing in the stocks or securities that compose that index.

Bid-ask Spread

The difference between the highest price that buyers are willing to pay for an asset (bid) and the lowest price that sellers are willing to accept (ask).