Contingencies Include Purchase and Sale Commitments and Obligations to Banks

question 49

True/False

Contingencies include purchase and sale commitments and obligations to banks under standby letters of credit.

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Definitions:

Country Selection Return

The return attributed to the strategic selection of countries in which to invest, as opposed to stock selection or currency impact.

Benchmark

A standard or point of reference against which the performance of an investment, individual, or strategy can be measured.

EAFE

An acronym for Europe, Australasia, and Far East, indicating a stock index that represents major overseas equity markets.

EAFE Index

An index that represents the stock performance of developed markets outside of North America, providing a benchmark for international equity investments.