Which of the Following Statements Is INCORRECT

Multiple Choice

Which of the following statements is INCORRECT?

A) Futures markets got started in Chicago to help farmers manage price risk.
B) Futures on agricultural commodities dominated futures trading in the early years because agriculture constituted a significant portion of the US economy.
C) In nineteenth-century Chicago,metal futures could not overtake agricultural futures on corn and wheat because metal prices were fixed by the government.
D) Early regulators of futures markets were associated with the US Department of Agriculture because agricultural futures were the most actively traded futures contracts.
E) The modern futures contract developed through time as its structure evolved to reflect the economic needs of the market participants.