45. what did credit default swaps (cds) prima...
45. what did credit default swaps (cds) primarily insure against?\n a. stock market crashes\n b. currency fluctuations\n c. interest rate changes\n d. borrower defaults\n46. what was the primary cause of southern secession?\n a. slavery and states rights\n b. disagreement over taxes\n c. control of western territories\n d. expansion of the railroad system\n47. which country did iraq invade, leading to operation desert storm?\n a. kuwait\n b. syria\n c. saudi arabia\n d. iran
Answer
# Brief Explanations:
- For question 45: Credit Default Swaps (CDS) are financial instruments that protect against the risk of a borrower defaulting on their debt obligations. They are not related to stock market crashes, currency fluctuations, or interest - rate changes in terms of their primary function.
- For question 46: Slavery and states' rights were the main reasons for Southern secession. Slavery was an economic and social institution central to the South, and disputes over states' rights, especially regarding the power to regulate slavery, led to the decision to secede.
- For question 47: Iraq invaded Kuwait, which led to the international military response known as Operation Desert Storm.
# Answer:
45. d. Borrower defaults
46. a. Slavery and states' rights
47. a. Kuwait