Which of the Following Items Is Specified in a Futures

question 69

Multiple Choice

Which of the following items is specified in a futures contract?I) The contract sizeII) The maximum acceptable price range during the life of the contractIII) The acceptable grade of the commodity on which the contract is heldIV) The market price at expirationV) The settlement price

• A) I, II, and IV
• B) I, III, and V
• C) I and V
• D) I, IV, and V
• E) I, II, III, IV, and V

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Definitions:

Takings Clause

A provision in the Fifth Amendment of the U.S. Constitution that prohibits the government from taking private property for public use without just compensation.

Public Use

The utilization of land or property by the general public or for a public purpose, often justified for projects involving eminent domain.

Just Compensation

The fair market value that must be paid for property taken by the government through eminent domain.

Commercial Speech

Speech that promotes a commercial transaction, or advertisement, which is granted protection under the First Amendment but is subject to regulation.