faithhill1053 faithhill1053
  • 22-08-2020
  • Business
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A(n) ________________ is a number of currency units, shares, bushels, pounds, or other units specified in a derivative instrument.

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topeadeniran2 topeadeniran2
  • 22-08-2020

Answer: notional

Explanation:

A notional amount also sometimes referred to as the face amount is a number of currency units, shares, bushels, pounds, or other units specified in a derivative instrument.

The effective notional amount had to do with the notional amount that has already been stated and further adjusted when the leverage factor is considered.

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