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:

High Tide

High tide is the state of the tide when the water reaches its highest level.

Low Tide

The state of the tide when at its lowest level, typically occurring twice a day, which exposes areas of the seabed that are submerged at high tide.

Thermocline

A layer in a body of water or the atmosphere where temperature changes more rapidly with depth than it does in the layers above or below.

Upper

Generally refers to something that is located above something else or higher in position, order, or rank.