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A Majority of Citizens in a Democracy Can Agree to Permit

question 72

Multiple Choice

A majority of citizens in a democracy can agree to permit certain authorities to make and enforce rules describing what behavior is permitted and encouraged in their community.These rules are what we refer to as ________.


Definitions:

Dollar-Weighted

A method of calculating investment returns that accounts for the timing and amount of cash flows into and out of the investment.

Time-Weighted

A method for calculating investment returns that eliminates the impact of cash flows into and out of the portfolio, focusing on the manager's ability to select securities.

Pension Fund

A pool of assets forming an investment plan that provides retirement income to employees.

Year

A period of time consisting of 365 days, or 366 in a leap year, used as a measure of time for calendars, age, and time intervals.

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