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Commodity futures refer to contracts to supply quantities of the underlying commodity at a
future date.
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更多“Commodity futures refer to con…”相关的问题
The following are all standard with a futures contract except______.
A．delivery date
B．quantity of commodity
C．price paid for the contract
D．delivery place
Commodity users and producers mainly use futures contracts for what reason？______.
A．To pay for expenses
B．To find a buyer for their commodity
C．To lock in a price
D．All of the above
In many of today's life insurance products, MacDonald notes, "The death benefit portion really has become a commodity type product, so if someone is really concerned about the financial impact of dying young, then they can get a pretty good deal by buying term insurance on a commodity basis—find the cheapest policy and buy it. "But, he says, " The other side of the coin is that insurance companies have developed products that can be very creative, and very competitive to other alternatives, including investments. They can fill a very important role in any overall investment plan. "
Diverse and universal policies offer people choices in how much they want to put into their policies and how they want their funds invested. These funds can then be tapped later on to provide a lump sum for purchasing a retirement home or a stream of retirement income. Life insurance is an attractive investment vehicle, because the " inside buildup" , the accumulation of funds inside a policy structrue, is not subject to taxes, in contrast to other personal investments.
However, MacDonald and others warn against using insurance policies purely as an investment. While there are tax advantages, there are also the costs connected with the insurance coverage, and if you don't need that coverage these can be expensive ways to invest.
Moreover, MacDonald notes that some companies are offering insurance that has a critical illness or long-term care benefit. These policies specify that if someone suffers a heart attack, for example, they will get 25% of the face amount of the insurance policy immediately rather than at death. Or if they must be confined to a nursing home, they will be able to use up to the face amount of the policy to pay the nursing home costs.
Amid the proliferation of insurance product, MacDonald says, "The positive side of it is there are better products—they're cheaper and more flexible. The negative side is that it's more complicated and easier to make a mistake. In the past, it was plain vanilla; everybody was selling the same product and everybody had to find an agent they liked. Now there has been significant changes in product structure and design, and benefits, and so it is worthwhile to shop around. "
The purpose of insurance is to______.
A．give you money whenever you need
B．protect you from financial risks
C．save money
D．outlive money
In fact, the development of currency has shaped human civilization. Currency has' stopped wars, and it has started many more. Cities and nations as we know them would not exist without it. It is difficult to overstate the importance of currency in modem life.
Currency as Substitute
Currency, or money, can be defined as a unit of purchasing power. It is a medium of exchange, a substitute for goods or services. It doesn't have to be the coins or bills with which you're probably most familiar. In fact, through the ages, everything from large stone wheels, knives, slabs of salt, and even human beings have been used as money. Anything that people agree represents value is currency.
For example, if you have one barrel of wheat, and you want a cow, without currency you have to find someone who not only has a cow, but also wants a barrel of wheat and will agree to the trade.
Now, if you live in a place where round, stamped coins are widely considered to have a certain value and can be exchanged for other things, then you just have to find someone who needs wheat. That person will take the wheat in exchange for an agreed-upon amount of coins which you can later use to buy a cow from someone else.
Currency as Wealth
Besides serving as a substitute in trades, money's other important use is as a store of wealth. In a straight barter system, the commodities being traded are generally perishable. You can gather tons and tons of wheat by making shrewd trade deals, but if you try to save the wheat, it will eventually go bad. Money allows people to accumulate wealth.
This had an enormous impact on civilization, because it meant that power wouldn't always be passed through families. People who had been excluded from any possibility of holding political power could amass wealth through trade or by providing a service. That wealth could then be used to purchase political or even military power. So money made civilization more democratic by taking some power out of the hands of noble families that had monopolized it for hundreds of years.
Forms of Currency: Commodity
The forms and functions of currency have changed over the last 3,000 years or so, generally falling into four categories:
Commodity currency
Coins
Paper money
Electronic currency
Commodity Currency
The development of commodity-based currency systems represents more of a blurring between barter systems and later currency systems than a revolutionary change. In a commodity system, the money used is not only a "place-holder" for purchasing power, but it is something that has an inherent value by itself.
A good example of a commodity system is the one used by the Aztecs. They placed great value on cacao beans, which could be used to make chocolate. The beans were small and easy to carry, so they were often used to balance out or make change in barter agreements.
Forms of Currency: Coins
The first coins were minted in Lydia, an ancient empire in the area of modem Turkey. The Lydian king Croesus started making small metal ingots stamped with an imperial emblem around 640 B. C.
This Lydian custom spread to the Greeks and eventually to the Romans. Coins were usually made of silver or gold, and their value was enforced by the authority of the government that issued them. If the Athenian officials declared that all coins minted in Athens,
A．Y
B．N
C．NG
The minimum moving amount for prices on futures contract is known as a______.
A．point
B．spot
C．unit
D．tick
Initial margins on futures contracts function______.
A．as a performance bond
B．as a down payment
C．as an extension of credit
D．all of the above
