Shari Is 16 Years Old

question 68

Multiple Choice

Shari is 16 years old. She used to get good grades but recently she is moody and unfocused in school and often has trouble completing tasks. She has never been in trouble with the law but she has grown up in a socioeconomically challenged situation with very little family support. No one showed up for her last parent-teacher conference and her teachers are concerned about her current situation at home.
-Shari has just been taken into custody for skipping school and underage drinking. What does the juvenile system accomplish by taking her off the street

• A)Voir dire
• B)Lex talionis
• C)In re Gault
• D)Parens patriae

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Definitions:

Spot Exchange Rate

The immediate rate at which one can purchase or sell currency for on-the-spot delivery.

London Interbank Offer Rate

LIBOR; a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans.

Covered Interest Arbitrage

A trading strategy in which an investor uses a forward contract to hedge against exchange rate fluctuations, exploiting the interest rate differentials between two countries.

Uncovered Interest Parity

A financial theory suggesting that expected differences in interest rates between two countries will equal the expected change in exchange rates between their currencies.