22-55 The terms of futures contracts traded in the U.S.are set by the exchange on which they propose to be traded,but are subject to approval by the
A)Federal Reserve.
B)Commodity Futures Trading Commission.
C)CME Group (formerly Chicago Mercantile Exchange).
D)Chicago Board of Trade.
E)Securities and Exchange Commission.

Question

Quizplus · Accepted Answer

The Commodity Futures Trading Commission (CFTC) is the regulatory body responsible for overseeing the futures markets in the U.S., including approving the terms of futures contracts traded on exchanges. The other choices listed, such as the Federal Reserve, CME Group, Chicago Board of Trade, and Securities and Exchange Commission, may have involvement in the futures market in different ways, but they do not have the specific authority to approve the terms of futures contracts.

22-55 the Terms of Futures Contracts Traded in the U