The Settle Price Shown in a Stock Index Futures Table

question 18

Multiple Choice

The settle price shown in a stock index futures table is the:

• A)highest price the contract hit during the day.
• B)closing price for the contract at the end of the day.
• C)price for the contract only for the last day of the contract.
• D)None of the above are true

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Definitions:

COBRA

A federal law in the United States that allows for the temporary continuation of health coverage at group rates for employees and their families under certain circumstances such as job loss.

Medical Benefits

Refers to health care items or services covered under a health insurance plan, including doctor visits, hospital stays, medications, and procedures.

Gross Misconduct

Serious misbehavior or negligence by an employee that is so egregious it warrants immediate dismissal from employment.

Federal Unemployment Tax Act

The Federal Unemployment Tax Act (FUTA) is a United States federal law that funds the administration of unemployment insurance and job service programs in every state.