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标题: Reading 73: Alternative Investments Losp习题精选 [打印本页]

作者: honeycfa 时间: 2010-4-27 13:39 标题: [2010]Session 18-Reading 73: Alternative Investments Losp习题精选

LOS p: Discuss the role of commodities as a vehicle for investing in production and consumption.

Money managers and individual investors can indirectly participate in the commodities market through all of the following investment vehicles EXCEPT:

A)
futures contracts.

B)
trading commodities in small denominations.

C)
stocks of companies producing a commodity.

Trading the commodities themselves is direct participation. Investors can participate indirectly though futures contracts or certain commodity-linked equities.

作者: honeycfa 时间: 2010-4-27 13:39

While discussing the role of commodities as a vehicle for investment, a commentator makes the following statements:

Statement 1: During economic expansions, increasing supply tends to reduce the price of commodities.

Statement 2: Investing in commodities can give the investor exposure to fluctuations in production and consumption.

Are these two statements CORRECT?

Statement 1

Statement 2

A)

Correct Correct

B)

Incorrect Correct

C)

Incorrect Incorrect

Statement 1 is incorrect. During expansions, increasing demand for finished goods causes an increase in demand for the commodities needed to produce them, resulting in higher prices for commodities. Statement 2 is correct. Commodities can give an investor exposure to the economy’s production and consumption growth, with swings in commodity prices likely to be larger than changes in finished goods prices.

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