Long-Term Capital Management Made Rates of Return as High as 40

question 207

Multiple Choice

Long-Term Capital Management made rates of return as high as 40% by:

• A)buying oil from Canada and selling it to China.
• B)managing professional sports teams and being paid with a share of their profit.
• C)mining diamonds in Africa.
• D)using computer models to take advantage of small differences in asset prices in global financial markets.

---

Definitions:

Slave Codes

Laws established in Southern colonies and states to regulate the behavior of enslaved African Americans, aiming to disenfranchise them and justify their treatment as property.

Testimony

Evidence or declarations made by a witness under oath in court or in written statements presenting facts in a case.

Rape

A criminal act involving non-consensual sexual intercourse or other forms of sexual penetration against the person's will.

King Cotton

Refers to the economic and political significance of cotton production in the Southern United States before the Civil War, especially its centrality to the economy of the South and its role in international trade.