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    Fundamentals of Investing Study Set 1
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    Exam 15: Futures Markets and Securities
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    Given That Futures Contracts on the Japanese Yen Are Traded
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Given That Futures Contracts on the Japanese Yen Are Traded

Question 76

Question 76

True/False

Given that futures contracts on the Japanese yen are traded in units of 12.5 million yen and are quoted in cents per yen, it follows that a Japanese yen contract quoted at 01.171 would be worth $14,637,500.

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