In order to insure stability, organized futures exchanges have standardized all of the following EXCEPT
A) market price
B) time of delivery
C) initial margins
D) contract size

Question

Quizplus · Accepted Answer

Futures exchanges cannot standardize market prices as they are determined by the forces of supply and demand. The exchanges can only establish rules and procedures to facilitate trading and price discovery within the market.

In Order to Insure Stability, Organized Futures Exchanges Have Standardized