Perform the Operation and Reduce to Lowest Terms

question 74

Multiple Choice

Perform the operation and reduce to lowest terms.
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Definitions:

Spot Market

A public financial market in which financial instruments or commodities are traded for immediate delivery.

Futures Market

A financial market where participants can buy and sell futures contracts, which are agreements to buy or sell an asset at a future date at a price agreed upon today.

Simultaneous

Occurring, operating, or done at the same time.

Position

In finance, a position refers to the amount of a particular security, commodity, or currency held or owned by an individual or entity.