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Among the Advantages of the Hedonic Price Method Is That

question 24

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Among the advantages of the hedonic price method is that data on a product's characteristics are readily available.


Definitions:

Hedging

A maneuver or contract that eliminates risk from a transaction. In international trade, eliminating exchange rate risk by purchasing a forward contract for delivery of foreign exchange at a specified rate at a specified time.

Settlement Date

The day when a trade is finalized, and the buyer must pay for the securities.

Floating Exchange Rate

A currency's value is allowed to fluctuate according to the foreign exchange market without direct government control.

Currency

A system of money in general use in a particular country.

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