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Refer to the Diagram, Showing Changes Occurring During Succession as the Glacier

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Refer to the diagram, showing changes occurring during succession as the glacier in Glacier Bay, Alaska, melted over the past 200 years. Refer to the diagram, showing changes occurring during succession as the glacier in Glacier Bay, Alaska, melted over the past 200 years.   The moraines, or gravel deposits exposed by the retreating glacier, increase in age of exposure from left to right.Which statement best describes how the vegetation changes during succession? A)  It increases in abundance but is less able to form new soil. B)  It becomes increasingly more abundant, diverse, and longer-lived. C)  It begins with great diversity and becomes less diverse over time. D)  Species at each age become increasingly less able to compete. E)  Species at earlier stages live longer than those at later stages. The moraines, or gravel deposits exposed by the retreating glacier, increase in age of exposure from left to right.Which statement best describes how the vegetation changes during succession?

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Futures Option

An option contract that gives the holder the right, but not the obligation, to buy or sell a futures contract at a specified price on or before a certain date.

Forward Contract

A contractual arrangement to purchase or sell a given commodity or asset at a set price on a designated date in the future.

Forward Price

The predetermined price agreed upon in a forward contract, at which the asset will be bought or sold at a future date.

European Call

A call option that can only be exercised on the expiration date, not before.

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