The First Guiding Principle of the Department of Homeland Security

question 1

Multiple Choice

The first guiding principle of the Department of Homeland Security is ____.

• A) train the armed forces to adequately protect the homeland
• B) equip local law enforcement as first responders in terrorist situations
• C) protect civil rights and civil liberties
• D) increase airport security
• E) all of the preceding

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Definitions:

Triangle Arbitrage

A riskless profit strategy that takes advantage of discrepancies between three foreign currencies in the forex market.

Spot Market

A market where financial instruments or commodities are traded for immediate delivery, as opposed to future or forward delivery.

Forward Market

A market in which participants agree to trade a financial instrument or physical commodity for future delivery at a specified price.

Absolute Purchasing Power Parity

A theory stating that identical goods and services in different countries should cost the same when priced in a common currency.