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What type of stratification system exists in the United States? What are the three main factors that inform our social class position? Describe each factor.
Settlement Date
The date on which a trade is final, and the buyer must make payment and the seller deliver the asset.
Commitment Date
The date on which two parties agree upon the terms of a financial transaction or agreement, creating a commitment.
Net Method
An accounting method that records transactions and balances net of any discounts or allowances.
Spot Rates
The immediate exchange rate at which one currency can be exchanged for another currency on the foreign exchange market.
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