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You Have Just Completed the LSAT and Scored 112

question 15

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You have just completed the LSAT and scored 112.Your roommate who is no smarter than you took the LSAT with you and scored 165.You were so upset with your score that you decided to take the test again and you convinced your roommate to take it with you for moral support.You both received scores on the second exam of 150.What accounted for the differences in scores?


Definitions:

Bubbles

Economic phenomena characterized by rapid increases in asset prices to levels significantly above the fundamental value, followed by a sharp decline.

Average Rate of Return

A financial metric that calculates the return on an investment relative to its cost, expressed as a percentage.

US Dollar

The official currency of the United States, widely used in international transactions and considered one of the world's dominant reserve currencies.

Investments

The process of assigning funds or other resources in the hopes of earning profits or returns.

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