Which of the following is NOT true?
A. Bernard Shaw didn't finish high school, nor did Edison.
B. One must think carefully before pursuing a master’s degree.
C. The higher your education level, the more money you will earn.
D. If you are too well-educated, you' 11 make things difficult for society.
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According to the passage, the main purposes of futures contracts are ______.
A. to hedge
B. to speculate
C. to arbitrage
D. all of the above
The indemnity may be ______.
A. used whenever there are discrepancies in the documents
B. presented when the shipping company intends to release the goods to the applicant
C. presented to the issuing bank of the L/C under which there are unimportant discrepancies in the documents
D. used in lieu of shipping documents
Arbitrageurs in the futures markets are those people who ______.
A. take on the risks that hedgers want to shed
B. seek to hedge their risks
C. make the futures prices move in accordance with other markets
D. all of the above
The word "covenant" in this passage means commercial actions.
A. Right
B. Wrong
C. Doesn't say