levels for oil and gold have to be set so that there is a 1% chance that an investor with a balance slightly above the maintenance margin level on a particular day has a negative balance 2 days later? How high do they have to be for a 0.1% chance? Assume daily price changes are normally distributed with mean zero. Explain why the exchange might be interested in this calculation. Answer: Required Maintenance margin level for crude: Based on the calculation from the data‚ the standard deviation of daily
Premium Futures contract Short Margin
Blue Gold This is a documentary about the ever increasing water crisis in our world today; what is causing it‚ the consequences‚ and how to stop it. Ecologists everywhere began to take notice of the “desertification” of our planet and the dire consequences ahead if it is not stopped. The urgency of this issue is one that cannot be brushed off because it is not us destroying solely the planet we live on‚ but destroying our chances of survival on it. Desertification of the earth is caused
Premium Water pollution Water crisis Water supply
Title: The Gold Cadillac Author: Mildred D. Taylor Publisher and Publication Date: The Penguin Group‚ 1998 First published in the United States of America by Dial Books for Young Readers‚ 1987 Setting: The story took place in the City of Toledo Ohio at the family’s home and in the route to the rural South‚ Mississippi. Main Characters: Lois‚ Wilma‚ Mom‚ Dad Plot Summary: This story is about a family who got a new car‚ a Cadillac. They decided to take a trip in the new car. They
Premium United States Automobile African American
Education in India MODULE - VII Education Notes 18 EDUCATION IN INDIA S o far‚ you have been reading about different aspects of culture‚ such as art‚ architecture‚ religion and science. Another important aspect of our culture is education. But what is education? You may say that it means learning something in school or from books. This is partially true. Education is a learning experience. But learning takes place at all times in one’s life. However‚ whereas some other learning experiences
Premium Higher education Secondary education Education
Philippine Currency and Philippine Monetary Standards Source: Financial System‚ Market & Management- the basics- Laman‚ Rose Marie et al.‚ 2008 Nature of the Monetary Standard • A country is said to have established a monetary standard or system when it sets down rules to govern the creation of money and control the quantity in circulation whether the rules are strictly followed or are to be accepted simply as guidelines for its own money managers • Standard money is the monetary unit recognized by
Premium Money United States dollar Currency
Gold is a soft metal that is largely unreactive. Gold jewellery can lie underground for thousands of years and emerge shiny after that lengthy exposure to air‚ water‚ and other chemicals in the environment. Gold does dissolve in some solvents as indicated below and does react with halogens. The most common oxidation states of gold are Au(I) and Au(III) but there are a few examples of Au(V) (various anions [AuF6]- and [Au2F10]). The Au(III) ion has the d8configuration which gives rise to many square
Premium Gold
children and affect their social skills in negative ways. Today the criticism is even more profound and‚ through the Internet‚ publications about computer use are reaching a wide audience. This article will review and compare two such publications‚ Fool’s Gold: A Critical Look at Computers in Childhood (Cordes & Miller‚ 1999) and Children and Computer Technology (2000)‚ a recent issue of The Future of Children journal. Both publications make general statements and claims about child development and each
Premium Computer Early childhood education Computing
GOLD MINING AND THE ENVIRONMENT Dirty gold mining has ravaged landscapes‚ contaminated ecosystems with toxic waste and resulted in widespread water pollution. Cyanide and mercury‚ two highly toxic substances‚ have been released freely into the environment as a result of dirty gold mining. TOXIC WASTE Toxic waste is a devastating consequence of dirty gold mining practices. Cyanide heap leaching is the cheapest way to extract gold and as a result‚ is commonly used around the world. The process leaves
Premium Gold Mercury California Gold Rush
drawback of such a culture? We can describe the culture at the Ritz-Carlton by looking at their ‘Gold Standards’ as the foundation of customer service that put the guest like royalty. This new customer service philosophy implemented in mid-2006 that encompass values include‚ the credo‚ the motto‚ the 3 steps of service‚ service values‚ the 6th diamond and the employee promise. All this gold standard might be important that makes Ritz-Carlton became most popular hotel among well-known people because
Premium Customer service Psychology The Culture
ABSTRACT Gold is a brilliant yellow precious metal that is resistant to air and corrosion. Gold comes second after bank deposits when it comes to the preference for investment in India and considered a savings and investment vehicle. India is the world’s largest consumer of gold in jewelry as an investment. Gold is traded in the form of securities on stock exchange Even when the gold prices are high there is steel boom in the commodities market of gold hence the main purpose
Premium Futures contract