Which of the following statement(s)about currency futures market is (are)true?
I.Futures contracts are highly standardized.
II.Futures contracts are made-to-measure contracts.
III.Futures contracts are for specified amounts and for a limited choice of delivery dates.
A)I only
B)II only
C)I and III only
D)I, II, and III

Question

Quizplus · Accepted Answer

Statement I is true because futures contracts are standardized with regard to their underlying assets, contract size, and delivery date. This standardization allows for easy buying and selling of contracts on exchanges.

Statement II is false because futures contracts are standardized and not customized for individual needs.

Statement III is true because futures contracts are for a set amount of currency and have limited delivery dates available.

Which of the Following Statement(s)about Currency Futures Market Is (Are)true