Majority Rule Voting

question 15

Multiple Choice

Majority rule voting

• A) requires a simple majority greater than half the voters.
• B) requires that rules of order be established.
• C) does not occur in democracies.
• D) can only be applied to single issues.

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Definitions:

Maturity

Maturity refers to the date on which the principal or final payment is due on a debt instrument, after which the debt is considered repaid.

Futures Position

A contractual obligation to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Underlying Commodity

The basic physical asset upon which futures contracts and derivatives are based.

Maturity

The specified date on which the principal amount of a bond, loan, or other financial instrument is due to be repaid.