What is a futures contract?

Chapter 1

Quiz
•
Financial Education
•
12th Grade
•
Hard

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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An agreement to buy or sell an asset immediately
An agreement to buy or sell an asset at a certain time in the future for a certain price
An agreement to buy or sell an asset at any time for any price
An agreement to buy or sell an asset at a certain time in the past for a certain price
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are futures contracts traditionally traded?
Through interdealer brokers only
Through direct contact between buyers and sellers
Through online platforms only
Using the open outcry system where traders physically meet on the floor of the exchange
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role do banks often play in the derivatives markets?
Market makers for commonly traded instruments
Regulators overseeing all transactions
Auditors ensuring compliance
Legal advisors for contract disputes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean when banks act as market makers?
They only trade in spot contracts
They are not involved in the trading process
They only trade with other banks
They are always prepared to quote bid and offer prices for derivatives transactions
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do market participants in OTC derivatives markets find counterparties for their trades?
Contact each other directly or use an interdealer broker
Use the open outcry system on the exchange floor
Use online trading platforms exclusively
Trade only with banks
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