In regards to interest rate futures contracts, which of the below statements is FALSE?
A) Interest rate futures contracts can be classified by the maturity of their underlying security.
B) Short-term interest rate futures contracts have an underlying security that matures in less than one year.
C) The maturity of the underlying security of long-term futures contracts exceeds one year.
D) A few of the major financial markets outside the United States have similar futures contracts in which the underlying security is a fixed-income security issued by the central government.
Correct Answer:
Verified
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A)
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