In the United States, the typical currency futures contract is based on a currency value in terms of:
A) euros.
B) U.S. dollars.
C) British pounds.
D) Canadian dollars.

Question

​In the United States, the typical currency futures contract is based on a currency value in terms of:
A) ​euros.
B) ​U.S. dollars.
C) ​British pounds.
D) ​Canadian dollars.

Quizplus · Accepted Answer

The typical currency futures contract in the United States is based on a currency value in terms of U.S. dollars. This means that the contract specifies the cost of a particular foreign currency in terms of U.S. dollars, and allows traders to speculate on movements in exchange rates between the two currencies.

​In the United States, the Typical Currency Futures Contract Is

In the United States, the Typical Currency Futures Contract Is