The last traded futures price in which case appointed traders in the pit establish the value of the futures price by consensus is know as the

A) settle price.
B) maintenance margin.
C) open interest.
D) initial margin.

Answer: A

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Where there has been informal rulemaking or informal adjudication by an administrative agency and the decision by that agency is then appealed to the courts, the court will generally apply what test in reviewing factual determinations?

A) The unwarranted by the facts standard. B) The substantial evidence test. C) The arbitrary and capricious test. D) The beyond a reasonable doubt standard.

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Chapter 7 bankruptcy is: A) a liquidation proceeding

B) a reorganization proceeding. C) an extended time payment plan. D) always an involuntary proceeding.

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