In finance, risk is most commonly measured by
A) the probability distribution.
B) the standard deviation.
C) the average deviation.
D) the square root of the standard deviation.
B
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As inflation increases, households become ________ uncertain leading to ________ spending.
A. more; more B. less; less C. more; less D. less; more
Suppose an economy is in a steady state, then its saving rate falls, once and permanently. As the economy approaches its new long-run steady state, consumption per worker is ________
A) falling B) rising C) unaffected D) either rising or falling
If MUx/Px > MUy/Pyx, the consumer can increase utility by buying more of good x
a. True b. False
According to the textbook, middlemen:
A. provide value through information and coordination. B. add no value to economic activity. C. only add value if the consumer gets a good deal. D. only add value to themselves.