Examlex
The profit from a futures contract is the difference between the initial futures price and the spot price at expiration.
Formal Academic Knowledge
Structured and systematic knowledge acquired through formal education systems, such as schools and universities.
Knowledge by Description
Understanding that comes from being told or reading about something rather than experiencing it directly or innately.
Intelligence Test
A test of individual differences in general intellectual ability.
Aptitude
A natural ability or talent for learning or proficiency in a specific area.
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