The Only Unelected Branch of Government Is The

question 114

Multiple Choice

The only unelected branch of government is the:

• A)legislative branch.
• B)judicial branch.
• C)executive branch.
• D)political branch.
• E)congressional branch.

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Definitions:

Market Price

The present rate at which a commodity or service is available for purchase or sale in the marketplace.

Binomial Model

An option-valuation model predicated on the assumption that stock prices can move to only two values over any short time period.

Exercise Price

The specified price at which the option holder can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.

Binomial Model

A mathematical model for pricing options that uses a discrete-time framework to trace the evolution of option prices over time.