Exam 21: Principles of the Futures Market

According to John Maynard Keynes, futures prices are

The cash price is also called the

The newspaper price for a particular futures contract is properly called the

The Clearing Corporation

In some respects, speculators sell

Hedgers in the futures market

Someone who routinely maintains a futures position overnight is likely to be any of the following EXCEPT

The money a futures buyer puts down is called all of the following EXCEPT

The difference between a futures price and the cash price is known as the

Futures contracts are marked to market, which means that

The three main paradigms in futures pricing include all of the following EXCEPT

Futures trades occur in an area called a(n)

A major function of the clearing process is

The primary economic purpose of the futures market is

A futures contract represents a promise of deliver or acceptance of a commodity in a future month. A characteristic of futures contracts is that

The clearing corporation helps eliminate

People who seek to reduce risk using futures contracts are

Options are _____; futures are _____.

The prices of some futures contracts are constrained by