An Expert Is Someone Who

question 67

Multiple Choice

An expert is someone who:

• A) is able to master a skill with very little effort.
• B) has a natural ability to perform a skill.
• C) combines natural ability with lots of practice to perfect a skill.
• D) performs a skill better than most people.

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Definitions:

Rates of Return

The net gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.

EAR

Effective Annual Rate, a measure of interest that takes into account the compounding of interest over time.

Borrower

An individual, company, or entity that receives funds from another party with the agreement to repay the principal amount along with any agreed-upon interest.

Annualized (Geometric)

Annualized (geometric) refers to the method of calculating an average rate of return that accounts for the compounding effect over a period.