The Return Earned in an Average Year Over a Multiyear

question 77

Multiple Choice

The return earned in an average year over a multiyear period is called the ________ average return.

• A) arithmetic
• B) standard
• C) variant
• D) geometric
• E) real

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Definitions:

Legally Binding

An agreement or contract that is enforceable by law, meaning parties must fulfill their specified obligations or face legal consequences.

Commission of Crime

The act of carrying out a criminal offense or the process by which a crime is perpetrated.

Void

A term describing a contract or agreement that has no legal force or effect and is unenforceable.

Digital Records

Digital Records refer to information or data that is created, stored, and managed in electronic format, often used for documentation and archival purposes.