A proxy variable is a vote by a corporate director on subjects relating to fluctuating money markets.

Name: A proxy variable is a vote by a corporate director on subjects relating to fluctuating money markets.
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Question

Quizplus · Accepted Answer

Proxy variables are usually used as a substitute or an indirect measurement for an underlying factor that cannot be directly observed or measured. The example provided in the question is not related to a proxy variable.

A Proxy Variable Is a Vote by a Corporate Director