Multiple Choice
Which of the following statements is characteristic of futures trading on the Australian Futures Exchange (ASX Trade 24) ?
A) Pricing of bond contracts is on the basis of their yield to maturity.
B) Transactions in the 'trading pits' are conducted by 'open outcry'.
C) The ASX Trade 24 clearing house enforces full payment of the initial contract amount.
D) All of the given answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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