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Explain the constitutional process for the selection of federal judges.What are the criteria used by presidents to make their selections? How do the criteria change if the president is a Democrat as opposed to a Republican? What is the role of the Senate? How has this role changed over the years? How is it different if the president's party controls Congress than if the opposition controls Congress?
Passive Fixed-income Indexes
Indexes that track a set of fixed-income securities, used as benchmarks for passive bond investment strategies.
Actively Managed Bond Funds
Bond investment funds where fund managers actively make decisions on buying and selling bonds to outperform the market or reach specific investment goals.
Efficient Market Hypothesis
A theory stating that financial markets are “informationally efficient,” meaning prices fully reflect all available information.
Abnormal Returns
Abnormal returns refer to the profits generated from a security or portfolio that differ significantly from the expected market returns, based on risk and market performance.
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