The prices of currency futures contracts traded on an exchange are normally quoted in terms of:
A) U.S. dollars
B) British pounds
C) Japanese yen
D) Canadian dollars
E) SDRs

Question

Quizplus · Accepted Answer

Currency futures contracts are typically quoted in the currency of the underlying asset. In this case, the underlying asset is a currency, so the futures contract will be quoted in the currency of that currency.

The Prices of Currency Futures Contracts Traded on an Exchange