Distinguish Micro-, Macro-, and Global Social Structures

question 21

Essay

Distinguish micro-, macro-, and global social structures. Explain with examples how microstructures can influence macrostructures and in turn global structures, and then explain how global structures can influence macrostructures, and in turn microstructures.

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Definitions:

Daily Settlement

The process of reconciling buy and sell positions in futures and options markets at the end of each trading day based on the closing market prices.

Futures Positions

Futures positions are commitments to buy or sell a specified amount of a commodity, currency, or financial instrument at a specified price on a set future date.

Marking To Market

Marking to market is an accounting practice where assets and liabilities are adjusted to their current market values rather than their book values.

Margin Call

A demand by a broker that an investor deposit further cash or securities to cover possible losses.