Examlex

Solved

Which of the Following Terms Can Be Used to Describe

question 8

Multiple Choice

Which of the following terms can be used to describe unsystematic risk?
I.asset-specific risk
II.diversifiable risk
III.market risk
IV.unique risk


Definitions:

Fiat Money

Currency that a government has declared to be legal tender, despite it not having intrinsic value or being backed by physical reserves such as gold or silver.

T-Account

A graphical representation of a general ledger account that highlights the debit and credit sides.

Required Reserve Ratio

The fraction of deposits that regulators require a bank to hold in reserve and not lend out.

Excess Reserves

The capital reserves held by a bank or financial institution in excess of what is required by regulators, central bank or other governing bodies.

Related Questions