​Which of the Following Statements Is CORRECT

question 4

Multiple Choice

​Which of the following statements is CORRECT?

• A) ​In Europe and Asia hedge funds are legal,but they are not permitted to operate in the United States.
• B) ​Hedge funds have more in common with commercial banks than with any other type of financial institution.
• C) ​Hedge funds have more in common with investment banks than with any other type of financial institution.
• D) ​In the United States hedge funds are legal,but in Europe and Asia they are not permitted to operate.
• E) ​The justification for the "light" regulation of hedge funds is that only "sophisticated" investors with high net worths and high incomes are permitted to invest in these funds,and such investors supposedly can do the necessary "due diligence" on their own rather than have it done by the SEC or some other regulator.

---

Definitions:

Intended Audience

The specific group of people for whom a message, product, or service is directed.

Physically Able

Having the physical capacity and fitness to perform tasks or activities without restriction.

Anti-AIDS Films

Motion pictures specifically designed to spread awareness and educate the public about preventing HIV/AIDS.

Sexually Active

Engaging in sexual activities or behaviors, especially involving genital intercourse.