Information: - A U.S. state is a constituent political entity of the United States of America. There are 50 states, which are bound together in a union with each other. Each state holds administrative jurisdiction over a defined geographic territory, and shares its sovereignty with the United States federal government. Due to the shared sovereignty between each state and the federal government, Americans are citizens of both the federal republic and of the state in which they reside. State citizenship and residency are flexible, and no government approval is required to move between states, except for persons covered by certain types of court orders (e.g., paroled convicts and children of divorced spouses who are sharing custody). - A federal republic is a federation of states with a republican form of government. At its core, the literal meaning of the word republic when used to reference a form of government means: "a country that is governed by elected representatives and by an elected leader (such as a president) rather than by a king or queen". - A primary election is an election that narrows the field of candidates before a general election for office. Primary elections are one means by which a political party or a political alliance nominates candidates for an upcoming general election or by-election. - Terry Edward Branstad (born November 17, 1946) is an American politician who is the 42nd Governor of Iowa, in office since January 2011. Branstad was also the state's 39th governor from 1983 to 1999, and he was president of Des Moines University from 2003 to 2009. He is a member of the Republican Party. Branstad is the longest-serving governor in American history. In his 2010 political comeback, Branstad won a three-way primary election for the Republican nomination to run for governor in the general election. He faced incumbent Governor Chet Culver, a Democrat and four third party candidates on November 2, 2010, defeating Culver by 52.9% to 43.1%. - David A. Vaudt is the former Auditor of State of the U.S. state of Iowa . A Republican , he was first elected to the office in November 2002 and took office in January 2003 . He was re-elected in November 2006 and 2010 . Vaudt announced his resignation as state Auditor in April 2013 after being named the next chairman of the Governmental Accounting Standards Board ( GASB ) , which he will take office as July 1 . Gov. Terry Branstad appointed Mary Mosiman , a former county auditor who was serving as the Deputy Secretary of State , as the new State Auditor . Mosiman started in the office on May 13 , 2013 . After reading the paragraphs above, we are interested in knowing the entity with which 'david a. vaudt' exhibits the relationship of 'member of political party'. Find the answer from the choices below. Choices: - alliance - republic - republican party - union
republican party

Information: - Market value or OMV (Open Market Valuation) is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with "open market value", "fair value" or "fair market value", although these terms have distinct definitions in different standards, and may differ in some circumstances. - Prague Stock Exchange (PSE) is the largest and oldest securities market organizer in the Czech Republic. After a 50-year hiatus brought about by World War II and the Communist regime, it was reopened in 1993. Thus PSE resumed the activities of the Prague Commodities and Stock Exchange founded in 1871. PSE was advised by a group of leading Central and Eastern European scholars including American financier, Raymond Staples. - The PX Index ( until March 2006 the PX 50 ) is a capitalization - weighted index of major stocks that trade on the Prague Stock Exchange . Selected as the starting exchange day ( a benchmark date ) for the Index PX 50 was 5 April 1994 and its opening value was fixed at 1,000 points . At this time the index included 50 companies traded on the Prague Stock Exchange , accordingly named PX 50 . In 2014 Prague Stock Exchange introduced total return index PX - TR , that share same base as PX Index , but unlike PX index take into account dividends . - A stock index or stock market index is a measurement of the value of a section of the stock market. It is computed from the prices of selected stocks (typically a weighted average). It is a tool used by investors and financial managers to describe the market, and to compare the return on specific investments. - A capitalization-weighted (or "cap-weighted") index, also called a market-value-weighted index is a stock market index whose components are weighted according to the total market value of their outstanding shares. Every day an individual stock's price changes and thereby changes a stock index's value. The impact that individual stock's price change has on the index is proportional to the company's overall market value (the share price multiplied by the number of outstanding shares), in a capitalization-weighted index. In other types of indices, different ratios are used. - The Czech Republic, also known by the short name Czechia, is a nation state in Central Europe bordered by Germany to the west, Austria to the south, Slovakia to the east and Poland to the northeast. The Czech Republic covers an area of with mostly temperate continental climate and oceanic climate. It is a unitary parliamentary republic, has 10.5million inhabitants and the capital and largest city is Prague, with over 1.2million residents. The Czech Republic includes the historical territories of Bohemia, Moravia, and Czech Silesia. After reading the paragraphs above, we are interested in knowing the entity with which 'px index' exhibits the relationship of 'instance of'. Find the answer from the choices below. Choices: - 1 - area - auction - capital - change - climate - czech republic - exchange - fair - group - index - market - name - nation - nation state - stock exchange - stock market index - tool - value - year
stock market index