The Higher the Standard Deviation, the Less Certain the Rate

question 132

True/False

The higher the standard deviation, the less certain the rate of return in any one given year.

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Definitions:

Italy

A country located in Southern Europe, known for its rich history, culture, art, and contribution to the development of Western civilization.

Economic Significance

The importance or impact of an economic activity or phenomenon in terms of its effects on the overall economy, such as employment levels or GDP.

Exchange

The act of trading goods, services, currencies, or other items of value between parties.

Comparative Advantage

The ability of an individual or country to produce a good or service at a lower opportunity cost than competitors.