Diversity of Citizenship Refers to the Situation in Which Opposing

question 51

Multiple Choice

Diversity of citizenship refers to the situation in which opposing parties:

• A) are from different states
• B) are suing for an amount below $75,000
• C) are suing for an amount exceeding $75,000
• D) are from the same state

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Definitions:

Spot Market

A public financial market in which financial instruments or commodities are traded for immediate delivery.

Futures Market

A financial market where participants can buy and sell futures contracts, which are agreements to buy or sell an asset at a future date at a price agreed upon today.

Simultaneous

Occurring, operating, or done at the same time.

Position

In finance, a position refers to the amount of a particular security, commodity, or currency held or owned by an individual or entity.