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____________________ Are Legally Binding Obligations to Buy or Sell Specified

question 77

Short Answer

____________________ are legally binding obligations to buy or sell specified quantities of commodities or financial instruments at an agreed-upon price at a future date.


Definitions:

Security Fee

A charge imposed to cover the cost associated with ensuring the safety and security of a service or facility.

Federal Income Tax

A tax levied by the federal government on individuals' and corporations' yearly income.

Payroll Tax

Taxes imposed on employers and employees, typically calculated as a percentage of the salaries that employers pay their staff.

Benefits Principle

A tax principle stating that those who benefit from government services should pay in proportion to the amount they benefit.

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