Why Did a Majority of the Justices of the Supreme

question 23

Multiple Choice

Why did a majority of the justices of the Supreme Court strike down the federal Defense of Marriage Act in 2013?

• A) The law was judged to violate the equal protection clause of the Fourteenth Amendment.
• B) The law was judged to usurp an area of traditional state authority.
• C) The law was judged to be discriminatory in nature.
• D) The law was judged to violate the due process clause of the Fifth Amendment.

Analyze the effect of correlation between asset returns on portfolio variance.

Apply the concept of budget lines to understand the trade-offs between expected return and risk in portfolio choices.

Evaluate investment choices based on expected return and risk characteristics.

Understand the basic terminology and abbreviations related to the endocrine system.

---

Definitions:

Present Value Factor

A factor used to calculate the present value of a future amount of money or stream of payments, considering a specific interest rate.

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment’s cost.

Annual Net Cash Inflow

The net amount of cash that flows into a company within a one-year period after all expenditures are subtracted.

Residual Value

The estimated amount for which an asset is expected to be sold at the end of its useful life, after deducting expected costs of disposal.