A Formal Agreement Between Two or More States for the Purpose

question 2

Multiple Choice

A formal agreement between two or more states for the purpose of protecting state interests and insuring better delivery of services to citizens is a/an

• A) interlocal service arrangement
• B) multistate legal action
• C) joint service agreement
• D) interstate compact

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Definitions:

Risk-Adjusted

A method or measurement that normalizes the performance of an investment by taking into account the amount of risk involved in producing its returns.

Mutual Fund Performance Measures

Metrics used to evaluate and compare the performance of mutual funds, including measures of risk, return, and the adjustment of performance for risk.

Nearly Efficient Markets

Markets where prices reflect all available information to some degree but may not always be perfectly efficient.

Portfolio Managers

Investment management professionals who select and manage a mixture of investments in order to meet specified investment goals for the benefit of their clients.