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Medieval cities
Financial Assets
Assets that derive their value from a contractual claim on future cash flows or from owning equity instruments of another entity.
Variance
A statistical measure that represents the dispersion or spread of data points in a data set, indicating how far each number in the set is from the mean.
Standard Deviation
A measure of the dispersion or variability in a set of data points, indicating how much the values deviate from the mean.
Risk Averse Investor
An investor who prefers to minimize risks, opting for safer investments with lower returns instead of higher risk ones with potentially higher returns.