In the U.S., the typical currency futures contract is based on a currency value in terms of:
A) euros.
B) U.S. dollars.
C) British pounds.
D) Canadian dollars.

Question

Quizplus · Accepted Answer

The typical currency futures contract in the U.S. is based on a currency value in terms of U.S. dollars. This means that the price of the contract is quoted in U.S. dollars, and the buyer and seller agree to exchange a specific amount of one currency for U.S. dollars on a specified future date.

In the US, the Typical Currency Futures Contract Is Based on a on a Currency