A daily auction at the Chicago Board of Trade sets
A)Federal funds rate.
B)10-year bond rate.
C)Discount rate.
D)Prime rate.
E)Credit cards rate.

Question

Quizplus · Accepted Answer

The Chicago Board of Trade primarily deals with trading futures and options contracts for agricultural commodities such as corn, soybeans, and wheat. It does not set interest rates such as the federal funds rate, discount rate, or prime rate, which are determined by the Federal Reserve. The Chicago Board of Trade may indirectly influence interest rates if changes in commodity prices lead to changes in inflation expectations or market perceptions of the economy, but it is not a direct mechanism.

A Daily Auction at the Chicago Board of Trade Sets