In the Case of a Merchant,________ Means Honesty in Fact

question 86

Multiple Choice

In the case of a merchant,________ means honesty in fact as well as the observance of reasonable commercial standards of fair dealing in the trade.

• A)course of dealing
• B)usage of trade
• C)good faith
• D)caveat emptor

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Definitions:

Minimum-Variance Portfolio

A portfolio constructed to achieve the lowest possible risk (variance) for a given level of expected return, optimizing the risk-return tradeoff.

Expected Return

A financial term referring to the average amount of profit or loss an investment is predicted to generate based on historical data.

Rate of Return

The positive or negative change in an investment's worth, calculated as a percentage of its original cost.

Correlation Coefficient

A numerical measure of the linear correlation between two variables, ranging from -1 to 1.