Financial Risk Manager Part 1
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Which one of the following statements best explains the idea of holiday variation?
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NNikitesh
A
The dates of certain holidays may change from one country to another
B
The number of holidays in a year differs from one country to another
C
The number of holidays varies from year to year
D
The dates of certain holidays change from year to year
Explanation:
Holiday variation refers to the fact that some holidays' dates change from year to year. Although they arrive at approximately the same period of the year, the exact dates differ. A good example is the Easter holiday observed by Christians, which falls on different dates each year based on lunar cycles rather than a fixed calendar date.
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