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What Is the Process of Computerizing Manual Tasks, Making Them

question 12

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What is the process of computerizing manual tasks, making them more efficient and effective and dramatically lowering operational costs?

Recognize the role of macroeconomic factors in asset pricing (via multifactor models).
Understand the concept and process of constructing zero-investment portfolios for arbitrage.
Differentiate between the CAPM and APT in terms of assumptions and applications.
Understand the concept of culture in the context of values, ideas, and attitudes shared among members of a group.

Definitions:

Currency Devaluation

A deliberate downward adjustment of a country's currency value relative to another currency, group of currencies, or standard.

Export Producers

businesses or individuals that produce goods or services for sale in foreign markets outside their own country.

Exports

Goods or services sent from one country to another for the purpose of trade.

Purchasing Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach, suggesting that exchange rates should adjust to equalize the price of identical goods in different countries.

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