Credit Unions Are I. Mutual Associations

question 61

Multiple Choice

Credit unions are
I. mutual associations.
II. not open to the general public.
III. for profit institutions.

• A)I only
• B)II only
• C)I and II only
• D)I,II,and III
• E)II and III only

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Definitions:

Jensen's Measure

A performance evaluation measure that calculates the excess return a fund generates over its expected return, given its level of risk.

Risk-Free Return

The theoretical return on an investment with no risk of financial loss, often represented by the yield on government securities such as U.S. Treasury bonds.

Beta

A measure of a security's volatility in relation to the overall market; a beta greater than 1 indicates greater volatility than the market.

Bogey Portfolio

A benchmark portfolio against which the performance of an investment portfolio is measured, often used to assess the skill of portfolio managers.