Which of the following is a less than freehold estate and does not require notification to terminate?

A. Estate for years
B. Estate from period-to-period
C. Estate at will
D. Life estate

Answer: A. Estate for years

Business

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ROMI stands for ________

A) retail opportunity for marketing investment B) retail objective for marketing investment C) reach of marketing initiatives D) reliable opportunity for market integration E) return on marketing investment

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Which of the following could cause the volatility smile typically seen for foreign currency options?

A. Currencies are traded in different countries at different times of the day B. Currencies tend to have low volatilities C. The activities of central banks causes occasional jumps in the exchange rate D. Interest rates may be different in the two countries

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