Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: The Basic Tools Of Finance
Section19.2: Managing Risk
Problem 2QQ
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Define the term Aggregating Risk over time?
Expert Solution
Step 1
In financial terms, risk is defined as the chance that the actual gains from an outcome or investment will differ from the return or expected outcome. Risk includes a potential loss of some or all of an original investment.
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