In 1984, Congress Passed the Bail Reform Act, Which Authorized

question 108

Multiple Choice

In 1984, Congress passed the Bail Reform Act, which authorized the use of

• A)citations.
• B)10% cash bail.
• C)release on recognizance.
• D)preventive detention.

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Definitions:

U.S. Treasury

Refers to the federal government department responsible for managing government revenue and also to the securities (like bonds) it issues, considered low-risk investments.

Put Option

A financial contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a specified price within a specified time.

Underlying Asset

The financial asset upon which derivatives such as options and futures are based, determining their value.

Strike Price

The set price at which the holder of an options contract can buy (in a call option) or sell (in a put option) the underlying security or commodity.