The Day-Of-The-Week Effect Is Defined as the Tendency for Which

question 40

Multiple Choice

The day-of-the-week effect is defined as the tendency for which day of the week to have a negative average rate of return?

• A)Monday
• B)Tuesday
• C)Wednesday
• D)Thursday
• E)Friday

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Definitions:

Investments

Assets or items acquired with the goal of generating income or appreciation, including stocks, bonds, real estate, or business ventures.

Savings

Money set aside for future use, often stored in accounts that accrue interest over time, helping to protect against financial emergencies or to finance future purchases.

Interest

The cost of borrowing money or the reward for saving, expressed as a percentage of the principal amount per period of time.

Deposit

Money placed into a financial institution for safekeeping, which can earn interest over time depending on the type of account.