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A number calculated by an independent party which represents what he current market rate as calculated using various factors is called a

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A number calculated by an independent party which represents the current market rate as calculated using various factors is called an Index.

What is an Index?

Index is an entity that helps to compare the returns yielded during any investments. This tool is used by financial managers and investors of the market to describe the market face.

It is also essentially a roadmap to the book, listing names, places, and things in alphabetical order and giving the page numbers associated with each topic.

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