The Term of an Investment Can Be Described as Either

question 175

Multiple Choice

The term of an investment can be described as either:

• A)long or short, long-term meaning any duration longer than five years.
• B)intermediate or short, intermediate being any duration longer than one year.
• C)long, intermediate, or short, intermediate being any duration longer than one year but shorter than five years.
• D)None of the above

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Definitions:

Trade Agreement

A contract between two or more nations that outlines the rules and guidelines for trade between them.

NAFTA

The North American Free Trade Agreement, a trilateral trade bloc in North America created by Canada, Mexico, and the United States.

United States

is a federal republic in North America comprising 50 states, a federal district, five major self-governing territories, and various possessions.

Ordinance

A piece of legislation enacted by a municipal authority covering matters not already covered by federal or state law.