Which of the Following Is a True Statement About the Clean

question 12

Multiple Choice

Which of the following is a true statement about the Clean Water Act?

• A) It was the 1970 amendment to the Federal Water Pollution Control Act (FWPCA).
• B) It provides that a discharge permit has to be obtained from the Army Corps of Engineers in order to deposit or discharge "refuse" into a navigable waterway.
• C) It had a goal to have no discharges of pollutants into the nation's waters by 1985.
• D) It provides the federal government with the primary responsibility for preventing, reducing, and eliminating water pollution.

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Definitions:

Rate of Return

The profit or deficit from an investment during a designated time frame, represented as a fraction of the investment's initial value.

Security Market Line

A graphical representation that shows the relationship between the risk of an investment and its expected return, based on the capital asset pricing model.

Expected Return-Beta Relationship

The concept that the expected return of an investment is dependent on its beta, which measures its systemic risk relative to the overall market.

Efficient Frontier

Graph representing a set of portfolios that maximize expected return at each level of portfolio risk.