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In Simple Words, Duration Measures the Average Life of an Asset

question 6

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In simple words, duration measures the average life of an asset or liability.


Definitions:

Service Sector

The segment of the economy that includes trade, financial, lodging, education, legal, medical, and other professional occupations.

Aggressive Approach

A strategic or operational stance characterized by taking bold decisions and actions, often involving some level of risk, to achieve objectives.

Price Changes

Adjustments made to the selling price of goods or services in response to market conditions, production costs, or other factors.

Level Of Demand

An assessment of the quantity of a product or service that consumers are willing and able to purchase at various prices over a given period.

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