A Document That Gives Person a the Right to Act

question 89

Multiple Choice

A document that gives person A the right to act for person B,in the event that person A becomes incapacitated is known as a:

• A)durable power of attorney.
• B)living trust.
• C)right of succession.
• D)codicil.

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Definitions:

Geometric Average

A method of calculating the average rate of return that accounts for compounding, commonly used for investment portfolios.

Total Returns

Total returns include all sources of investment return including capital gains, dividends, and interest, measured over a specific time period.

Variance

A statistical measure of the dispersion of data points in a data series around the mean.

Total Percentage Return

The total return on an investment, expressed as a percentage, that includes all dividends, interest, and capital gains.