Multiple Choice
A futures contract is
A) a nonnegotiable,nonmarketable instrument.
B) a security,like stocks and bonds.
C) a standardized transferable agreement providing for the deferred delivery of a specified traded quantity of a commodity.
D) not a legal contract,and therefore its terms can be changed .
Correct Answer:
Verified
Correct Answer:
Verified
Q20: Futures exchange members:<br>A)trade strictly for their own
Q21: When trading futures,margin<br>A)is seldom used.<br>B)indicates that credit
Q22: An organized futures exchange standardizes nonstandard forward
Q27: A pension fund holds $10 million in
Q28: In a margin account, if the account
Q28: A forward contract differs from a futures
Q38: Futures are essentially standardized forward contracts.
Q47: With futures, hedging requires one to simply
Q56: Index arbitrage attempts to exploit the differences
Q67: Futures contracts are handled by specialists on