The Rule of 70 Explains

question 234

Multiple Choice

The rule of 70 explains:

• A) how many stocks you need to completely diversify your portfolio.
• B) how much money you need to invest monthly in order to retire comfortably.
• C) how long it takes an investment to double in value.
• D) how long it takes for an investment to achieve the efficient markets hypothesis.

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Definitions:

Democratic Party

One of the two major political parties in the United States, historically associated with progressive and liberal policies.

Jackson's Re-Election

The successful bid for a second term as President by Andrew Jackson in 1832, demonstrating the strength of Jacksonian democracy.

Second Bank of the United States

A financial institution chartered by the U.S. Congress in 1816, following the War of 1812, to manage the national economy but was met with opposition and eventually ceased operations in 1836.

Compromise of 1850

A package of five bills passed in the United States that aimed to defuse political tensions between slave and free states regarding territories acquired in the Mexican-American War.