Examlex
What is the purpose of a hedge of foreign exchange risk?
Standard Of Living
A level of material comfort in terms of goods and services available to someone or some group.
Market Failure
Market failure occurs when the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.
Allocate Resources
The process of distributing available resources among various competing needs and desires to achieve desired outcomes.
Efficiently
Achieving maximum productivity with minimum wasted effort or expense.
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