Indices are considered useful representations of a market or sector as a

Indices are considered useful representations of a market or sector as a

• A. Standard for the most desirable securities to invest in within any particular market
• B. Benchmark for the overall performance and returns of a particular market, sector, industry or other market measure
• C. Listing of the universe of investable instruments in a given industry, sector or market
• D. A summary of recent news about the market

Answer: (B)