________ Are Private Partnerships of Small Number of Wealthy Investors

question 56

Multiple Choice

________ are private partnerships of small number of wealthy investors who are organised as private partnerships, often subject to lock-up period and allowed to pursue a wide range of investment activities.

• A)Hedge funds
• B)Closed-end funds
• C)REITs
• D)Mutual funds

Recognize the roles of economists as scientists and policy advisers.

Identify the subject matter specialization within economics, e.g., microeconomics and macroeconomics.

Describe the roles and duties of various economic advisory bodies and government offices in formulating economic policies.

Analyze the shifts and movements on the production possibilities frontier and interpret their implications.

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Definitions:

Secondary Liability

Secondary Liability refers to the legal responsibility of a third-party for the actions of another, such as a parent company being liable for the actions of its subsidiary.

Party Authority

The legal power or capacity of a party to enter into a binding contract or agreement.

Act On Behalf

The action of representing or making decisions for someone else or another entity.

Drawer

The person who writes or drafts a negotiable instrument, such as a check, directing the bank to pay the specified amount to the party named in the document.