The Importance of Matthew Maury's Work Included

question 44

Multiple Choice

The importance of Matthew Maury's work included:

• A) the discovery of the Hawaiian Islands.
• B) the formulation of a working hypothesis for the formation of coral reefs.
• C) the invention of a chronometer for the determination of longitude.
• D) the charting of ocean currents that sailors used to significantly shorten their travel time.

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Definitions:

Dollars

Dollars are a unit of currency used in the United States and other countries, serving as a medium of exchange, unit of account, and store of value.

Arbitrage

The practice of exploiting price differences for the same asset in different markets by simultaneously buying and selling the asset to take advantage of those price differences.

Risk-free Rate

A forecasted return rate on a risk-free investment, usually shown through government security yields.

Futures Price

The agreed-upon price for the underlying asset in a futures contract to be paid at a future date.