Examlex
You purchase an interest rate futures contract that has an initial margin requirement of 15% and a futures price of $115,098.The contract has a $100,000 underlying par value bond.If the futures price falls to $108,000 you will experience a ______ percent loss on your money invested.
Late Modernity
A period characterized by rapid societal changes brought about by technological advancements, globalization, and changing social norms, often seen as an extension of modernity.
Zygmunt Bauman
A Polish-born sociologist known for his analyses of the links between modernity, globalization, and new forms of social life.
Poor
Individuals or groups lacking financial resources or sufficient income to meet the standard of living or basic needs in their society.
Nation-State
A political entity characterized by a defined geographical territory, sovereign governance, and a common sense of identity and culture among its people.
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