Which of the following features describe the futures market for foreign exchange?
I.Fixed contracts
II.Tailored size contracts
III.Fixed maturities
IV.Can be resold
A) I only
B) II only
C) I and IV
D) I, II, and IV

Question

Quizplus · Accepted Answer

All of the four features mentioned, i.e., fixed contracts, tailored size contracts, fixed maturities, and the ability to be resold, describe the futures market for foreign exchange. Therefore, the correct choice is D.

Which of the Following Features Describe the Futures Market for Foreign