Which of the Following Was a Consequence of the 1936

question 78

Multiple Choice

Which of the following was a consequence of the 1936 United Auto Workers' strike against General Motors?

• A) General Motors ultimately agreed to recognize the union.
• B) General Motors mobilized public opinion against the union and the strike was broken.
• C) With help from the National Guard, General Motors ultimately crushed the strike.
• D) The union movement suffered a severe setback because of the association the public made between the United Auto Workers and the Community Party.

---

Definitions:

Forward Rate

The future interest rate agreed upon in a forward contract, which is a derivative financial instrument.

Covered Interest Arbitrage

An investment strategy where an investor takes advantage of the interest rate differential between two countries while hedging exchange rate risk.

Nominal Risk-Free Rate

The nominal risk-free rate is the rate of return on an investment with no risk of financial loss, not adjusted for inflation.

Forward Rate

The agreed-upon interest rate for a financial transaction that will be conducted at a future date.