Examlex
How does foreign exchange risk arise for an FI?
Random Variable
A variable that takes on a set of possible values, each with an associated probability, representing outcomes of a statistical experiment.
Probability
A measure quantifying the likelihood that an event will occur, expressed on a scale from 0 to 1.
Uniform Distribution
A type of probability distribution in which all outcomes are equally likely over a given range.
Waiting Time
The duration of time that elapses while waiting for a particular event or service to occur.
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