Examlex
A liquid is in equilibrium with its vapor in a closed vessel. Which one of the following statements is necessarily true?
Variance
A statistical measure of the dispersion of returns for a given security or market index.
Elasticity
A measure of how much the demand or supply of a product changes in relation to a change in one of its determinants like price.
Hedge Ratio
A ratio used to reduce financial risk, representing the proportion of a position hedged to the total position size.
Hedge Ratio
The ratio used to manage risk in financial portfolios, determining the size of a position required to offset potential losses.
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