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

Question

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

Quizplus · Accepted Answer

Statement I is true as currency futures contracts are highly standardized in terms of contract size, delivery dates, and settlement procedures. Statement II is false as futures contracts are not made-to-measure or customizable contracts, but they are standardized. Statement III is true as futures contracts have specified amounts and limited delivery dates.

Which of the Following Statement(s) About Currency Futures Market Is