An Asset Had Annual Returns of 12, 18, 6, −9

question 72

Multiple Choice

An asset had annual returns of 12, 18, 6, −9, and 5 percent, respectively, for the last five years. What is the variance of these returns?

• A).00810
• B).01013
• C).01065
• D).02038
• E).04052

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Definitions:

Current Account

An element of a nation's financial transactions with the world that records the trading of goods and services, net profit from investments, and payments transferred.

Foreign Exchange Rates

The price of one currency in terms of another, determining how much of one currency can be exchanged for another in the foreign exchange market.

Nation'S Currency

The legal tender issued by a country's central bank or government, serving as the medium of exchange within the country.

Exports And Imports

Goods and services sold to other countries (exports) and goods and services purchased from other countries (imports).