After the Iroquois Confederacy Repudiated the 1784 Treaty of Fort

question 76

Multiple Choice

After the Iroquois confederacy repudiated the 1784 Treaty of Fort Stanwix,

• A) Congress formally recognized the Iroquois Confederacy as sovereign in the Northwest Territory.
• B) Congress allowed the Creeks to retain their ancestral lands if they would ally with the United States against the Iroquois Confederacy.
• C) The United States acted as if the treaty were still in force, and by 1790 the Iroquois Confederacy had been reduced to a few scattered reservations.
• D) Congress declared war on the Confederacy and confiscated all its lands.

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Definitions:

Hedge

An investment made to reduce the risk of adverse price movements in an asset.

Speculative Forward Contract

A financial derivative used to speculate on the future price of an asset, involving an agreement to buy or sell the asset at a future date for a price determined today.

Fair Value Hedge

A risk management technique that uses financial instruments to mitigate the risk associated with changes in the fair value of an asset or liability.

Firm Commitment

An agreement between a buyer and an underwriter in which the underwriter guarantees the sale of a certain amount of securities.