Settlers from the South Who Moved into the Old Northwest

question 63

Multiple Choice

Settlers from the South who moved into the Old Northwest territory were known as

• A) Yankees.
• B) carpet baggers.
• C) planters.
• D) slave holders.
• E) Butternuts.

---

Definitions:

Initial Margin

The portion of the purchase price that an investor must deposit when buying securities on margin; serves as a down payment on the investment.

Maintenance Margin

The minimum amount of equity that must be maintained in a margin account after a purchase has been made, to keep the account open.

Long Futures Position

Holding a futures contract that obligates the buyer to purchase the underlying asset at a specified price on a specified future date, typically anticipating a price rise.

Levered Investment

Levered Investment involves using borrowed funds in addition to one's own investment capital to enhance the potential return of an investment.