Question 276
To decrease the federal funds rate, the Fed can use open market operations to
Question 277
Daily travel expenses for H&J Employees are normally distributed with a mean of $250 and a standard deviation of $38. Q1 for this distribution is ______.


Question 278
Initially the term structure is flat. Economic factors cause the required return for a cash flow to be received in 10 years to increase by 25 basis points. This change in the term structure:
Question 279
Which of the following is/are source(s) of economic inefficiency that arise under monopoly?
I). Since legally protected monopolists can often earn economic profit, government protection of monopoly producers will encourage rent-seeking activities.
II). A monopolist will fail to expand output to the level where the consumer's valuation of the marginal unit equals the producer's cost of producing the unit.
III). Monopoly reduces the ability of consumers to discipline the seller of a product.
I). Since legally protected monopolists can often earn economic profit, government protection of monopoly producers will encourage rent-seeking activities.
II). A monopolist will fail to expand output to the level where the consumer's valuation of the marginal unit equals the producer's cost of producing the unit.
III). Monopoly reduces the ability of consumers to discipline the seller of a product.
Question 280
Janet Ver is a portfolio manager managing large institutional clients. Janet does not act on a sale recommendation from the firm's equity division, until she has sold her personal holding in the stock. Once she has sold her personal holding in the stock then she will sell the stock out of her institutional clients' portfolios. In terms of CFA Institute's Standards of Professional Conduct per Standard VI (B): Priority of
Transactions, has Janet violated this standard?
Transactions, has Janet violated this standard?