Examlex
All of the following are instruments of fiscal policy except
Sharpe Measure
A metric used to assess the performance of an investment by adjusting for its risk.
Excess Returns
Returns earned by an asset that exceed the risk-free rate of return, indicating the additional gain from taking on risk.
Risk-free Asset
A financial instrument that is considered to have no risk of financial loss, typically issued by a government.
Sharpe Measure
A method to evaluate the risk-adjusted return of an investment, comparing portfolio excess return to the standard deviation of the portfolio.
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