A Situation in Which Security Price Changes Follow an Independent

question 15

Multiple Choice

A situation in which security price changes follow an independent and identically distributed process, except for that those price changes are expected to rise over time, is known as a

• A) moving average series
• B) lagged time series
• C) random walk
• D) random walk with drift

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Definitions:

Marginal Benefit

The additional satisfaction or utility gained by consuming an extra unit of a good or service, a reiteration with different phrasing.

Patient Protection and Affordable Care Act (PPACA)

A federal law enacted in 2010 aimed at reducing healthcare costs and increasing health insurance coverage among Americans.

Personal Mandate

The requirement under the Patient Protection and Affordable Care Act (PPACA) of 2010 that all U.S. citizens and legal residents purchase health insurance unless they are already covered by employer-sponsored health insurance or government-sponsored health insurance (Medicaid or Medicare).

Government-provided Health Insurance

Health insurance schemes funded and managed by the government to offer medical coverage to its citizens.