Assume the initial margin on a Swiss franc futures contract is $2,000
If an individual purchases a contract at $0.78 per franc and the contract involves 125,000 Swiss francs, what return on invested capital will the investor receive if the price per franc moves to $0.80?
A) 3%
B) 50%
C) 100%
D) 125%
Answer: D
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Which of the following is NOT true regarding the independent variable in regression analysis?
A) It is used to predict the dependent variable. B) It is the x in the regression formula. C) The term independent variable is an arbitrary designation. D) It is predicted by the dependent variable. E) There is no cause-and-effect relationship or true dependence between the dependent and the independent variables.
The Constitution does not always protect free-speech rights for what public employees say on the job. Which of the following is true?
a. When a citizen enters government service, the citizen need not accept certain limitations on his or her freedom. b. Public employees may speak out on matters of public concern and have First Amendment protection but not when they speak out in the course of their official duties. c. As public employees speak out and receive First Amendment protection, there is an acceptable chilling of the speech of all potential whistleblowers. d. None of the above
The First National Bank lends Simmons $1,000 . Simmons agrees to pay the bank the original loan plus $1,500 interest within a six-month period. This is an example of a(n)
a. revolving loan. b. usurious loan by the First National Bank. c. price-fixing agreement. d. exculpatory clause in a contract involving a loan of money.
The purpose of federal and state laws is
a. to prohibit job discrimination. b. to regulate hours. c. to promote safe working conditions. d. all of these.