When the balance of trade is in balance, we know with certainty that a. the value of capital exports equals the value of capital imports. b. the value of exports of goods equals the value of imports of goods. c. the value of all debit transactions equals the value of all credit transactions. d. the value of exports of goods and services equals the value of imports of goods and services.

Stock a has a beta of 1.2 and a standard deviation of 20%. stock b has a beta of 0.8 and a standard deviation of 25%. portfolio p has $200,000 consisting of $100,000 invested in stock a and $100,000 in stock b. which of the following statements is correct? (assume that the stocks are in equilibrium.) (a) stock b has a higher required rate of return than stock a. (b) portfolio p has a standard deviation of 22.5%. (c) portfolio p has a beta equal to 1.0. (d) more information is needed to determine the portfolio's beta. (e) stock a's returns are less highly correlated with the returns on most other stocks than are b's returns.

Your own record of all your transactions. a. check register b. account statement

Atrough in the business cycle occurs when