Examlex
Why does the safety net created by deposit insurance increase the adverse selection and moral hazard problems in banking? How do bank regulations attempt to overcome these problems?
Chebysheff's Theorem
A statistical theorem stating that for any data set or distribution, no matter the shape, a minimum proportion of values must lie within a certain number of standard deviations from the mean.
Standard Deviation
A measure of the amount of variation or dispersion in a set of values, indicating how spread out the values are around the mean.
Sales Receipts
Documents that provide proof of a transaction between a buyer and a seller.
Geometric Mean
The geometric mean is a measure of central tendency that is calculated by taking the nth root of the product of n numbers, often used for rates and ratios.
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