AuthorTopic: question in reading 55
@2013-12-20 23:04:16
investor who buys stock of apple may use the financial sytem to:

1. manage risk
2. trade on information
3. borrow money

answer says 1 and 2 but only describes 2 and then talks about saving money which is not one of the responses above. Why isn't it 3 as well? it's in the notes, and i would have thought if an investor wants to trade on margin they will need to borrow money ?

lots more questions but this is one of em. thanks peeps


CFA Discussion Topic: question in reading 55

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Your review questions and global ranking system were so helpful.