In the History of Banking,warehouse Receipts Refer to Receipts

question 43

Multiple Choice

In the history of banking,warehouse receipts refer to receipts

• A) that goldsmiths once issued acknowledging that they held a customer's gold.
• B) for storing furniture in a warehouse.
• C) goldsmiths issued to each other when they borrowed gold.
• D) for storing food and other perishables in a warehouse.

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Definitions:

Toronto 35 Index

An index that was once used to represent the performance of the 35 most significant stocks listed on the Toronto Stock Exchange.

Basis

In finance, refers to the difference between the spot price of an asset and its future price, or to the initial value used for tax purposes.

Futures Price

The agreed-upon price for the purchase or sale of an asset at a future date in a futures contract.

Spot Price

The current market price at which an asset, such as securities, commodities, or currencies, can be bought or sold for immediate delivery.