Futures Trading Has Traditionally Been Dominated by

question 49

Multiple Choice

Futures trading has traditionally been dominated by

• A)the New York Stock Exchange.
• B)the Chicago Board of Trade and the Chicago Mercantile Exchange.
• C)the London Stock Exchange.
• D)the Omaha Grain Exchange.

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Definitions:

Legislative Power

Refers to the authority to make laws and frame public policies.

Executive Power

The authority held by the executive branch of a government, typically vested in a president or prime minister, to enforce laws and manage national affairs.

Judicial Power

The authority given to courts and judges to interpret and apply the law, decide lawsuits, and in some countries, to review the actions of the executive and legislative branches.

States' Rights

The political powers and autonomy held by individual states as opposed to the federal government.