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Two cars approach each other on a straight and level road. Car A is traveling at 75 km/h, due north and car B is traveling at 45 km/h, due south. Both velocities are measured relative to the ground.
-At a certain instant, the distance between the cars is 15 km. How long will it take, in seconds, from that instant for the two cars to meet?
In The Money
A term used in options trading to describe an option with intrinsic value - a call option with the underlying price above the strike price, or a put option with the underlying price below the strike price.
Underlying Security
Refers to the asset (such as a stock, bond, commodity, or currency) upon which a derivative's value is based.
Market Interest Rates
The prevailing rates at which borrowers and lenders engage in lending transactions in the open market.
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