CHAPTER 20 QUIZ 31 TO 35
31. Real assets may offer an opportunity as an inflation hedge because inflation means higher replacement
costs for real estate, precious metals, and other physical items.
True False
32. Perhaps the largest disadvantage of real assets is the absence of large, liquid and relatively efficient
markets.
True False
33. The negative impact of tax reform on real estate was partly associated with declining economic
conditions in various sections of the country during the late 1980s and early 1990s.
True False
34. Limited liability is particularly important in real estate because mortgage debt obligations may exceed
the net worth of participants.
True False
35. Collectible items are considered to be real assets.
True False
USA 
India