Application of Skills Directions

question 20

Multiple Choice

Application of Skills Directions:
Apply the knowledge you have gained from Chapter 21 to choose the best answer to complete the following sentences.
My preference is to graduate in two years, _____ it will probably take me longer _____ I changed my major.

• A) as long as, when
• B) but, since
• C) so that, unless
• D) because, if

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Definitions:

Marked To The Market

Refers to the daily settling of gains and losses due to changes in the market value of a security, particularly relevant for futures contracts.

Forward Contracts

A financial derivative agreement between two parties to buy or to sell an asset at a future date for a price agreed upon today.

Market Interest Rates

The prevailing rates at which borrowers and lenders conduct transactions in the open market.