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

Question

Quizplus · Accepted Answer

Currency futures contracts are highly standardized, meaning that they have uniform contract specifications such as contract size, delivery dates, etc. Futures contracts are only available for specific amounts and delivery dates, providing a limited choice for investors. However, they are not made-to-measure contracts, as they cannot be customized according to the individual needs of investors.

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