The Articles of Confederation

question 10

Multiple Choice

The Articles of Confederation

• A)gave the central government complete and compulsive power over the states and the citizens.
• B)included an independent executive branch.
• C)never went into effect because it was never ratified.
• D)created a strong court system.
• E)created a central government that was weaker than the individual states.

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Definitions:

Time To Expiration

The remaining period until an option contract or other derivative expires, after which it becomes worthless.

Stock Price

The cost of purchasing a share of a company, determined by the supply and demand in the stock market.

Time Value

The concept in finance that money available now is worth more than the same amount in the future due to its potential earning capacity.

In-The-Money

A term describing an options contract that has intrinsic value; for a call, when the underlying asset's price is above the strike price, and for a put, when it's below.