The Following Sentences Form a Paragraph

question 28

Multiple Choice

The following sentences form a paragraph. Proofread them for inconsistent tense and faulty parallelism. Identify the type of each error in each sentence, or select "correct" if the sentence is free of errors. People held on to pieces of drifting wood or were sitting on top of their houses as they were swept along at a terrifying speed.

• A) correct
• B) inconsistent tense
• C) faulty parallelism

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Definitions:

Underlying Asset

The financial asset upon which a derivative instrument, such as an option or a futures contract, is based.

Floating-Rate Debt

Floating-rate debt is a type of loan or security that has a variable interest rate, which adjusts periodically based on a benchmark or index rate.

Market Value

The current price at which an asset or service can be bought or sold in a public market.

Historical Cost

The original financial value of an asset or investment at the time of its acquisition.