What Accounts for the Resurgence of Democracy in Many Developing

question 24

Multiple Choice

What accounts for the resurgence of democracy in many developing countries in the decades since the 1980s?

• A) The preparation by European powers for the peaceful handover of sovereignty
• B) The promise of military-controlled regimes to return power to civilians
• C) The failure of authoritarian governments to address economic and social problems
• D) The association of democracy with the uniqueness of Western civilization

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Definitions:

Daily Settlement

The process of reconciling buy and sell positions in futures and options markets at the end of each trading day based on the closing market prices.

Futures Positions

Futures positions are commitments to buy or sell a specified amount of a commodity, currency, or financial instrument at a specified price on a set future date.

Marking To Market

Marking to market is an accounting practice where assets and liabilities are adjusted to their current market values rather than their book values.

Margin Call

A demand by a broker that an investor deposit further cash or securities to cover possible losses.