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As Wealth Increases,which of the Following Is Likely to Account

question 80

Multiple Choice

As wealth increases,which of the following is likely to account for a smaller fraction of a saver's portfolio?


Definitions:

Undue Influence

An improper or unacceptable exertion of pressure or influence on someone, which may affect the decisions and actions of that person.

Duress

The use of force, false imprisonment, threats, or psychological pressure to compel someone to act against their will or interest.

Rescission

Rescission is the act of invalidating a contract, returning the parties involved to their positions prior to the agreement, under circumstances such as misrepresentation or fraud.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly with the intent to deceive, leading another to enter into a contract.

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