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Mark and Leslie both witnessed a car crash, but their stories do not match. Mark is 10 years old, was in close physical proximity to the accident, and is very confident in his description of the accident. Leslie is 45, was talking on her phone when the accident happened, and is less sure of herself when answering questions. Leslie also mentions that she has seen several car accidents at this intersection and that it is very dangerous. Based on the evidence presented in the chapter, who should be trusted? Include the pros and cons of trusting each witness.
Hedged
The strategy of making an investment to reduce the risk of adverse price movements in an asset, typically involving derivatives or similar securities.
Silver Price
The market price for silver at a given time, influenced by factors such as market demand, mining supply, and economic conditions.
Economic Exposure
The extent to which a company's value is affected by unforeseen changes in exchange rates.
Transactions Exposure
The risk of exchange rate changes affecting the value of financial transactions denominated in a foreign currency.
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