- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 62. Portfolio Risk and Return: Part I
- Subject 4. Risk Aversion and Portfolio Selection
CFA Practice Question
Evidence that investors are, on average, risk-averse is that ______
A. investors put money into the market portfolio.
B. there is a market for insurance products.
C. bonds with different ratings have similar yields.
Explanation: The fact that investors buy insurance products indicates that they are risk-averse.
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