Some of the Newer Futures Contracts Include I) Fashion Futures

question 12

Multiple Choice

Some of the newer futures contracts include I) fashion futures.
II) weather futures.
III) electricity futures.
IV) entertainment futures.

• A)I and II
• B)II and III
• C)III and IV
• D)I, II, and III

Analyze the effect of bank errors and the appropriate adjustments on the depositor’s books.

Understand the concept of outstanding checks and their impact on the cash balance.

Recognize the necessary adjustments for NSF (Not Sufficient Funds) checks and bank service charges.

Identify cash and cash equivalents with respect to their reporting on the balance sheet.

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Definitions:

Real Rate of Return

The annual percentage return realized on an investment, adjusted for changes in price due to inflation or other external effects.

Dividends

Distributions of profits made by a company to its shareholders.

Inflation

An economic condition characterized by a general increase in prices and fall in the purchasing value of money.

Mean Rate

This reflects the average rate over a specified time period, often used in financial contexts to denote average return or interest rate.