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What problems did the British government face after the Seven Years' War, and what solutions did it propose? How reasonable were London's solutions, and in what ways did the colonists view them as an attack on their liberty?
Underlying Asset
An asset upon which a derivative’s price is based, such as stocks, bonds, commodities, or currencies.
Futures Contracts
Standardized legal agreements to buy or sell a particular commodity or financial asset at a predetermined price at a specified time in the future.
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The practice of updating the value of an asset to its current market level rather than its book value for accounting purposes.
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