A Random Variable

question 56

Multiple Choice

A random variable:

• A)has an uncertain future value.
• B)has a constant value.
• C)doesn't exist in economics.
• D)is useless in economic decision making.

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Definitions:

Tangible Property

Physical property that can be touched and seen, such as buildings, machinery, and inventory.

Stocks

Shares of ownership in a corporation, giving holders a claim on the corporation's earnings and assets.

Bonds

Bonds are fixed-income investments representing loans made by an investor to a borrower, typically corporate or governmental, with terms specifying repayment of principal and interest.

Negotiable

Capable of being discussed or modified in terms of agreement or transferability, often used in relation to contracts or financial instruments.