Conyers Bank Holds U

question 105

Multiple Choice

Conyers Bank holds U.S.Treasury bonds with a book value of $30 million.However, the U.S.Treasury bonds currently are worth $28,387,500. The portfolio manager for Conyers Bank wishes to sell the entire issue of Treasury bonds at a current price of 87-05/32^nds.What will be the gain or loss on the cash position since the futures contract was placed? (That is, since the bonds were valued at $28,387,500.)

Understand the distinction between bargaining agent and bargaining unit.

Recognize the differences in rights between public and private sector unionized employees.

Comprehend the effectiveness and legality of picketing.

Understand the role of statutes in the employment relationship and their objectives.

Definitions:

Tenure Of Office Act

1867 law that required the president to obtain Senate approval to remove any official whose appointment had also required Senate approval; President Andrew Johnson’s violation of the law by firing Secretary of War Edwin Stanton led to Johnson’s impeachment.

Andrew Johnson

The 17th President of the United States, who served from 1865 to 1869, succeeding Abraham Lincoln and facing significant challenges during the Reconstruction era.

Impeachment

Bringing charges against a public official; for example, the House of Representatives can impeach a president for “treason, bribery, or other high crimes and misdemeanors” by majority vote, and after the trial the Senate can remove the president by a vote of two-thirds. Two presidents, Andrew Johnson and Bill Clinton, have been impeached and tried before the Senate; neither was convicted.

Reconstruction Policy

The set of strategies implemented by the U.S. government from 1865 to 1877 aimed at rebuilding and reintegrating the Southern states after the Civil War and addressing the status of the freed slaves.