Why did Nick Leeson sell numerous short straddles for each long futures contract he bought?
What will be an ideal response?
Leeson needed the revenues from these short straddles to meet the margin calls on his new futures trades and on existing trades that had lost value.
Business
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A broker showed African American prospective buyers homes in African American and racially mixed neighborhoods. He would show African Amer- ican prospects homes in predominantly Caucasian areas only if the prospects specifically requested to see homes in those areas. The broker's action would described as
a. illegal. b. unethical. c. steering. d. all of these.
Business
Which of the following products would most likely be sold through automatic vending?
A) smart phones B) office supplies C) baseball caps D) shoes E) beverages
Business