Question

A(n) ________________ is a number of currency units, shares, bushels, pounds, or other units specified in a derivative instrument.

Answer 1

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.