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If a display ad appears "above the fold", this means that it:

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If a display ad appears "above the fold", this means that it:

 A)  will appear anywhere on the front page of the website
 B)  takes up more than 20% of the webpage
 C)  will appear at the top of each page of the website
 D)  can be viewed in the upper portion of the page without scrolling

Explanations:

If an ad is immediately visible after page load then it is considered above the fold. If you have to scroll down to see the ad then it is below the fold.