Which of the Following Is True Regarding U

Multiple Choice

Which of the following is true regarding U.S. Treasury bonds traded in the futures market?

A) Contracts for future delivery can be written on bonds with 90 day or 1-year maturities
B) Are standard, readily marketable instruments with interest rates higher than on U.S. Treasury securities traded in the cash market
C) Futures trading in bonds is extremely light compared with other securities
D) They offer the investor an opportunity to hedge against changing rates on commodity loans
E) Maturities must be at least 15 years or cannot be called for 15 to 20 years