1. In most cases actively managed mutual funds under perform index funds such as the Whilshire 5000, but someone with inside information can significantly out perform an index fund. These facts are consistent with which of the following statements.

Question options:

	The strong form Efficient Market Hypotheses is True
	The weak form Efficient Market Hypotheses is True
	The semi-strong form Efficient Market Hypotheses is True
	The Efficient Market Hypotheses is False in all forms

2. Order the following asset classes by average long term rate of return from highest to lowest.

	Russell 2000
	U. S. Treasury Bill
	30 Year U.S. Government Bond
	Wilshire 5000