What Made the Border States Different from Other States in the Union

question 39

Multiple Choice

What made the Border States different from other states in the Union?

• A) There was more pro-Union support in most of these states than in others further north.
• B) They contained 80 percent of the Union's factories.
• C) They had nearly half of the Union's white male population.
• D) They were slave-holding states.

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Definitions:

Short Hedges

Occur when futures contracts are sold to guard against price declines.

T-bills

Treasury bills, short-term debt obligations issued by the government with a maturity of less than a year, considered risk-free.

Option

A financial derivative that gives the holder the right, but not the obligation, to buy or sell an asset at a set price within a specific period.

Firm Completion

A commitment to finish a project or deliver a product by a specified date.