Pimco Fund Suffers September Redemptions Totaling $23.5B

Pimco Fund Suffers September Redemptions Totaling $23.5B

Assessment

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Business, Social Studies

University

Hard

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In September, a fund previously managed by Bill Gross experienced significant withdrawals, marking its worst month for redemptions. The largest cash exodus coincided with Gross's departure. Meanwhile, Argentina's Central Bank head, Juan Carlos Fabrega, resigned following criticism from President Cristina Fernandez de Kirchner over alleged information leaks. In health news, officials are tracking the journey of an Ebola patient from Liberia to Texas to assess potential virus spread, as the death toll in West Africa surpasses 3,300.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What significant event occurred in September related to a fund managed by Bill Gross?

The fund was taken over by a new manager.

The fund experienced its worst month for redemptions.

The fund received a large investment.

The fund was closed permanently.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did Juan Carlos Fabrega resign from his position as head of Argentina's Central Bank?

He decided to retire early.

He faced criticism for leaking inside information.

He was promoted to a higher position.

He was offered a job in a different country.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the reason for health officials retracing the steps of an Ebola patient?

To find out if the patient had lost any belongings.

To determine if the virus had spread.

To check if the patient had visited any tourist spots.

To ensure the patient had a comfortable journey.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which continents were involved in the Ebola patient's journey?

North America, Asia, and Africa

South America, Asia, and Europe

North America, Europe, and Africa

Asia, Europe, and Africa

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the reported death toll in West Africa due to Ebola?

Over 5000

Over 3300

Over 2000

Over 1000