The Economic Meaning of Duration Is the Interest Elasticity of a Financial

question 26

True/False

The economic meaning of duration is the interest elasticity of a financial asset's price.

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Definitions:

Corresponds to Facts

The alignment or agreement of a statement, theory, or belief with the actual state of affairs or reality.

Numbers

Mathematical objects used to count, measure, and label.

Coherence Theory

A theory in epistemology and philosophy asserting that truth consists of the coherence of ideas or propositions with a system of belief or knowledge.

Pragmatic Theory

A theory in philosophy that evaluates theories or beliefs in terms of the success of their practical application.