CHAPTER 20 QUIZ 46 TO 50
46. The most significant advantage(s) of limited partnerships are
A. Limited liability of limited partners and direct assignment of profits and losses to the partners
B. Unlimited liability of general partners
C. Favorable tax treatment of capital gains and management participation features
D. None of the above
47. Which of the following is NOT a characteristic of real estate investment trusts?
A. Similar to mutual funds, they pool investor funds and invest directly in real estate or make
construction or mortgage loans
B. They provide a tax shelter to wealthy investors
C. It is the most liquid type of real estate investment
D. All of the above are characteristics of REITs
48. In recent times suppliers of second mortgages have often been.
A. Buyers of real estate
B. Real Estate Investment Trusts (REITs)
C. Sellers of real estate
D. Real estate brokers
49. Historically the best time to buy gold and silver is
A. When the stock market is declining
B. When there is significant political instability or anticipation of war
C. During periods of high inflation
D. All of the above
50. The gold coin that trades at the smallest premium over its pure bullion value is
A. Gold bullion coins
B. Common date gold coins
C. Old and rare coins
D. The American double eagle