Which of the Following Typically Employ Significant Amounts of Leverage

question 45

Multiple Choice

Which of the following typically employ significant amounts of leverage?
I.Hedge funds
II.Equity mutual funds
III.Money market funds
IV.Income mutual funds

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

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Definitions:

Journal

A book or electronic record where all financial transactions of a business are initially recorded, often before posting to ledgers.

Chronological Record

An organized account of events, transactions, or entries in the order they occurred over time.

Accounts Receivable

Payments yet to be received by a company from customers for goods or services already provided.

Notes Payable

Financial obligations represented by written promissory notes that specify the terms under which a borrower agrees to repay a lender.