Banz (1981) Found That, on Average, the Risk-Adjusted Returns of Small

question 30

Multiple Choice

Banz (1981) found that, on average, the risk-adjusted returns of small firms

• A) were higher than the risk-adjusted returns of large firms.
• B) were the same as the risk-adjusted returns of large firms.
• C) were lower than the risk-adjusted returns of large firms.
• D) were unrelated to the risk-adjusted returns of large firms.
• E) were negative.

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Definitions:

Domestic Investment

The total amount of money that is invested within a country's borders by its residents and businesses.

Net Exports

The difference between a country's total value of exports and its total value of imports, indicating whether a country is a net exporter or importer.

Net Capital Outflow

The difference marked by domestic people's foreign asset purchases compared to foreign people's domestic asset acquisitions.

Software

Programs and other operating information used by a computer to perform specific tasks.