The Advantage That Standardization of Futures Contracts Brings Is That

question 81

Multiple Choice

The advantage that standardization of futures contracts brings is that ________ is improved because ________.

• A) liquidity; all traders must trade a small set of identical contracts
• B) credit risk; all traders understand the risk of the contracts
• C) pricing; convergence is more likely to take place with fewer contracts
• D) trading cost; trading volume is reduced

Distinguish between different systems of social stratification and their characteristics.

Analyze the causes and consequences of poverty.

Recognize the legislative initiatives aimed at addressing poverty and welfare in the U.S.

Understand the dynamics of social mobility and barriers to it.

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Definitions:

Preconventional Moral Reasoning

The first level of Kohlberg's stages of moral development, where individuals' moral reasoning is based on personal interests and the consequences of their actions.

Conventional Moral Reasoning

A stage in moral development where individuals' ethical behavior is guided primarily by societal rules and norms.

Social Conventions

Agreed-upon rules and norms that govern social behavior and interactions among individuals within a society.

School-Age Children

Refers to children who are in the age range typically required to attend primary and secondary school, usually between 5 and 18 years of age.