18-118 What Is the Average Return Earned (Both Explicit and Implicit)by

question 118

Multiple Choice

18-118 What is the average return earned (both explicit and implicit) by the account holder over the full year if the minimum balance is reduced to $200?

• A)2.01 percent.
• B)2.65 percent.
• C)3.78 percent.
• D)5.35 percent.
• E)6.13 percent.

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Definitions:

Variable Pay

A portion of employees’ pay that is based on a measure of performance.

Performance Measure

Metrics or standards used to evaluate the effectiveness, quality, or success of a task, process, or organization.

Performance Measure

A metric or standard used to evaluate the efficiency, effectiveness, or success of an individual's or organization's actions.

Productivity Restriction

Limitations or constraints that reduce the effectiveness or efficiency of work output.