The Amount That Brokers Must Collect from Their Customers Before

question 88

Multiple Choice

The amount that brokers must collect from their customers before they make any futures purchases or sales of future contracts is called

• A)the strike price.
• B)an option premium.
• C)the performance bond.
• D)the margin requirement.

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Definitions:

Manhattan Island

An island at the mouth of the Hudson River in New York City; historically significant as the founding location of New York.

Permanent Settlement

A term often associated with the agreement made by the British with landlords in colonial India, fixing revenues to be raised from land, making the landlords intermediaries between the farmers and the colonial government.

Bahamas

An archipelago situated in the Atlantic Ocean, known for its picturesque beaches, clear waters, and vibrant culture; a sovereign country.

1492

The year notable for Christopher Columbus's first voyage to the Americas, marking the beginning of European exploration and colonization.