Contrast the Original Intent of the Three-Strikes Laws in California

question 52

Essay

Contrast the original intent of the three-strikes laws in California with the law that was finally enacted, and discuss the consequences of the law.

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Definitions:

Triangle Arbitrage

A practice of profiting from the price differential between three different currencies in the foreign exchange market.

Forward Trades

Non-standardized contracts between two parties to buy or sell an asset at a specified future date for a price agreed upon today.

Forward Market

A platform for trading financial agreements that are negotiated presently but fulfilled in the future.

Collection Float

The time gap between when a check is deposited and when funds are made available in the account, affecting the company's cash flow.