Advantages of mutual fund investing include all of the, Financial Management

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Advantages of mutual fund investing include all of the

1. Advantages of mutual fund investing include all of the following except:

Diversification

Lower-than-market performance

Professional management

Minimal transaction costs

Liquidity

2. Which one of these best expresses the value of one currency in terms of a second currency?

Depository Rate

Arbitrage rate

LIBOR

Exchange rate

Real rate

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