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A Contest Requires the Use of a Skill While a Sweepstakes

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True/False

A contest requires the use of a skill while a sweepstakes relies on random chance.


Definitions:

Risk-free Rate

The expected return from an investment that carries no risk of losing money, commonly indicated by the interest rate on treasury securities.

Forward Rate

An agreed-upon interest rate for a loan or investment to be initiated in the future, used in forward contracts and financial planning.

British Security

Financial instruments issued by the United Kingdom, including government bonds, stocks, and other securities, used for investment purposes.

Fixed Exchange Rate

A country's currency exchange rate regime under which the government or central bank ties the official exchange rate to another country's currency or to the price of gold.

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