Examlex
A ________ is an agreement between two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner countries while members maintain individual tariff schedules for external countries.
Hedge Fund
An investment fund that employs diversified strategies to achieve high returns, including leverage, derivatives, and short selling.
Local Currency
The currency that is legally accepted in a particular country or jurisdiction, used for the settlement of financial transactions within its borders.
S&P 500
A U.S. stock market index reflecting the market value of 500 major companies with common stock on the NYSE or NASDAQ.
Correlation
A statistical measure that describes the degree to which two variables move in relation to each other.
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