A Stratification System in Which Certain People Are Owned as Property

question 23

Multiple Choice

A stratification system in which certain people are owned as property is known as

• A) capitalism.
• B) caste.
• C) class.
• D) slavery.

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Definitions:

Forward Contract

A financial instrument agreement to buy or sell an asset at a predetermined future date and price.

Spot Rate

The present going rate for a specific currency to be purchased or exchanged, available for prompt delivery.

Hedge

A financial strategy used to reduce the risk of adverse price movements in an asset.

Hedge

An investment position intended to offset potential losses or gains that may be incurred by a companion investment, commonly used for risk management.